The Globe and Mail reports in its Thursday, Aug. 31, edition that RBC Dominion Securities analyst Nelson Ng has reaffirmed his "sector perform" recommendation for TransAlta Renewables. The Globe's David Leeder writes in the Eye On Equities column that Mr. Ng boosted his share target by $1.35 to $13.35. Analysts on average target the shares at $12.99. Mr. Ng says in a note: "We believe the market generally expected TransAlta Corporation (TA) and TransAlta Renewables (RNW) to be reunited eventually, as they understood that the converging renewable energy strategies, complex structure, and RNW's near-term cash tax and cash flow headwinds no longer supported having two separate entities. We believe the proposed transaction is favourable for RNW shareholders because the company was facing dividend sustainability pressures that may result in a material dividend reduction within the next two years. We are increasing our RNW share price target to $13.35 to reflect proposed transaction (mix of cash and TA shares)." The Globe reported on April 20 and July 10 that National Bank Financial analyst Rupert Merer continued to rate TransAlta Renewables "sector perform." The shares could then be had for $12.53 and $10.99.