The Globe and Mail reports in its Wednesday edition that iA Capital analyst Naji Baydoun has reaffirmed his "strong buy" call for TransAlta. The Globe's David Leeder writes that Mr. Baydoun calls TransAlta a "Top Pick." He has a $16.50 share target, which is 25 cents ahead of the consensus. He sees its "market positioning and growth strategy underpin compelling upside potential." Mr. Baydoun says in a note: "In early 2023, TransAlta entered into an automatic share purchase plan (ASPP), providing visibility on an active buyback program; this should continue to support the shares and provide downside protection. In our view, the combination of a strong financial outlook, potentially limited downside due to share repurchases, and Brookfield's strategic support translate into an asymmetric risk/reward profile for investors in TransAlta's shares. Catalysts on the horizon for TransAlta's shares include (1) strong financial performance and quarterly results driven by the Alberta power market tailwind, (2) upward revisions to financial guidance, (3) new project announcements, (4) continued execution on existing growth initiatives, and (5) a potential corporate simplification initiative vis-a-vis TransAlta Renewables."