The Globe and Mail reports in its Friday, Sept. 8, edition that BMO Nesbitt Burns analyst Ben Pham continues to rate TransAlta "outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Pham targets the shares at $17. Analysts on average target the shares at $16.91. Mr. Pham says in a note: "A shares have also worked well this year (up 7.4 per cent vs. utilities down 4.2 per cent) on positive revisions to 2023 guidance (strong Alberta power prices), the accretive RNW take-in announced on July 11 (and expected to close early October), and continued momentum on the clean electricity growth plan (targeting renewables to be 70 per cent of EBITDA by 2025 vs. 48 per cent 2022). An upcoming investor day should reinforce these recent positive trends, supporting our view on further relative valuation expansion from discounted levels (approximately eight times 2025 estimated EBITDA vs. 11 times for entire coverage)." 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.