Scotiabank analyst Robert Hope has made an update concerning TransAlta (TA, Financial), maintaining a "Sector Perform" rating while adjusting the company's price target. The new price target for TransAlta is set at CAD 16.00, down from the previous target of CAD 17.00. This represents a decrease of approximately 5.88%.
The decision to lower the price target comes as part of Scotiabank's reassessment of the company's performance in the current market climate. Despite the reduction in the price target, the rating for TransAlta remains unchanged, indicating a continued expectation of performance relative to the sector average.
Investors should take note of these adjustments to the stock price target for TransAlta (TA, Financial), as they provide insight into future expectations and guidance from Scotiabank.
