The Globe and Mail reports in its Friday, Nov. 10, edition that BMO Capital analyst Ben Pham has reiterated his "outperform" recommendation for Innergex Renewable Energy. The Globe's David Leeder writes in the Eye On Equities column that Mr. Pham gave his share target a $3.50 haircut to $14. Analysts on average target the shares at $14.72 average. Mr. Pham says in a note: "Innergex Renewable shares have taken it on the chin recently on the broader renewable sell-off and more specifically funding concerns and persistent production shortfalls driving an elevated payout. However, strong Q3/23 results suggest production trends are improving (swinging to the upside in select cases) while funding concerns should ease with recent minority sale of French assets. Combined with attractive valuation of approximately 10 times EBITDA, we're maintaining our 'outperform' rating though lower our target price." The Globe reported on May 26 that National Bank rated Innergex "outperform." It was then worth $13.57. The Globe reported on July 5 that iA Capital analyst Naji Baydoun continued to rate Innergex Renewable "strong buy," with an unchanged $22 share target. The shares could then be had for $12.98.