TransAlta price target raised to C$16 from C$14 at RBC Capital

RBC Capital analyst Maurice Choy raised the firm’s price target on TransAlta (TAC) to C$16 from C$14 and keeps an Outperform rating on the shares. The firm is citing the management’s position that it has “more optionality than anybody does in Alberta” when speaking about supporting data center load growth along with the uniqueness of TransAlta’s hydro fleet, which continued to deliver strong results, the analyst tells investors in a research note.