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Stock impact report

CIBC Lifts BEP Target, Highlights Valuation Opportunity in Power [Yahoo! Finance]

Brookfield Renewable Partners L.P. Limited Partnership Units (BEP) 
Last brookfield renewable partners l.p. limited partnership units earnings: 7/31 06:50 am Check Earnings Report
US:NYSE Investor Relations: bep.brookfield.com/en
Company Research Source: Yahoo! Finance
CIBC Lifts BEP Target, Highlights Valuation Opportunity in Power On April 20, CIBC analyst Mark Jarvi raised the firm's price recommendation on Brookfield Renewable Partners L.P. (NYSE:BEP) to $40 from $37. It reiterated an Outperformer rating on the shares. In its Q1 Power & Utilities preview, the firm said most regulated utilities are likely to meet or exceed consensus expectations. Results for power names may be more uneven. Even so, CIBC sees “more valuation upside” in the power segment, while suggesting that investors “should hold a balance of Power names and Regulated Utilities.” On April 16, JPMorgan raised its price target on BEP to $40 from $34. It maintained an Overweight rating. The update came as part of the firm's Q1 preview for the clean energy and power infrastructure group. JPMorgan described the current backdrop as a “catalyst-rich environment,” supported by data center contract announcements and rising order volumes, which are expected to “buoy sentiment.” The a Show less Read more
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