The Globe and Mail reports in its Thursday edition that Bank of America analyst Dariusz Lozny has reaffirmed his "neutral" call for TransAlta. The Globe's David Leeder writes that Mr. Lozny moved his share target ahead by a loonie to $14. Analysts on average target the shares at $16.58. Mr. Lozny says in a note: "TransAlta's announcement of the acquisition of the 40 per cent of its yieldco subsidiary RNW came as little surprise as company management had been discussing corporate structure simplification since 2022. Timing of the transaction admittedly was somewhat surprising as relative valuations appeared to make a combination less attractive. TransAlta's decision to use $800-million of balance sheet case and incremental equity appears to be opportunistic as the company benefitted from a financial windfall in recent quarters as Alberta merchant prices averaged tripled digits, giving management added financial flexibility." The Globe reported on June 1 that National Bank analyst Patrick Kenny rated TransAlta "outperform." It was then worth $13.02. The Globe reported on July 5 that iA Capital analyst Naji Baydoun had reaffirmed his "strong buy" call for TransAlta. Its shares could then be had for $12.42.