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Enter Symbol:
Rating: TAC
Sector Perform $7

Transalta Corporation (NYSE: TAC) upgraded to Sector Perform with price target $7 by RBC Capital Mkts

Monday,  Nov 23, 2015  8:25 AM ET by Kristen Bailey

RBC Capital Mkts upgraded Transalta Corporation (NYSE: TAC) to Sector Perform with
price target $7. RBC Capital Mkts rated Transalta Corporation (NYSE: TAC) to Underperform with price target $19 on 01/28/2011, when the price was $21.63.

TransAlta Corporation (TransAlta) is a wholesale power generator and marketer focused on the western regions of Canada and the United States. The Company owns, operates and manages a contracted and geographically diversified portfolio of assets, and has capability in generation fuels, including coal, natural gas, hydro and renewable energy. TransAlta has two business segments: Generation and Commercial Operations and Development. In Canada, the Company holds an ownership interest of 5,661 megawatts electrical generating capacity in thermal, gas-fired, wind-powered and hydroelectric facilities, including 4,937 megawatts in Western Canada, 628 megawatts in Ontario and 96 megawatts in New Brunswick. In the United States, its principal facilities include a 1,376 megawatts thermal facility and a 248 megawatts gas-fired facility. In November 2009, TransAlta Corporation's wholly owned subsidiary completed the acquisition of approximately 93.5% interest in Canadian Hydro Developers, Inc.

RBC Capital Markets is an international corporate and investment bank that provides innovative solutions and a focused set of products and services to institutions, corporations, governments and high net worth clients around the world. With nearly 3,700 professional and support staff, we operate out of 75 offices in 15 countries and deliver our products and services through operations in Asia and Australasia, the UK and Europe and in every major North American city.

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