CIBC lowered the firm’s price target on Brookfield Renewable Partners (BEP) to $32 from $34 and keeps an Outperformer rating on the shares. Brookfield Renewable is the firm’s top pick in the power space, the analyst tells investors. The company is well positioned to leverage the power/clean energy needs of big tech and should be able to withstand evolving policy changes in the U.S., the firm adds.
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