TransAlta price target raised to C$22 from C$17 at BMO Capital

BMO Capital analyst Ben Pham raised the firm’s price target on TransAlta (TAC) to C$22 from C$17 and keeps an Outperform rating on the shares. The firm believes the company is one of the best-positioned in its coverage to benefit from Alberta data center co-located deals, potentially as early as 2025.