,,,,,,,,,,,,,,,,,,,,,,,,,2022................OUTLOOK ??????? Credit Suisse on Transalta
07 Jan 2022
Credit Suisse has kept its Outperform, $17.50 TP on Transalta, noting that "portfolio execution risks look manageable and favourable NAV breakdown prices look to help generate margin expansion for TransAlta." The structural reality of the TransAlta Renewables business also provides explicit downside support, analyst Andrew Kuske notes, rating it 1st of his top three infrastructure/power stocks
Areas to watch include: (1) price realizations and the dispatch behavior in Alberta's power market; (2) an increasing proportion of overall value derived from the renewables business with the legacy coal phased out and natural gas facilities having reduced percentage contribution; (3) performance of TransAlta Renewables (RNW.TO) as structural downside support; (4) any prospective actions related to the challenge of "two TransAltas";
and, (5) Brookfield's actions in relation to the TA ownership position.
Gotta ALWAYS Read the TEA LEAVES eh !!!
LOL!!!!!!!!!