The Globe and Mail reports in its Friday, Oct. 6, edition that TD Securities analyst John Mould has reaffirmed his "buy" recommendation for TransAlta. The Globe's David Leeder writes in the Eye On Equities column that Mr. Mould gave his share target a 50-cent trim to $16. Analysts on average target the shares at $16.55. The Globe says Mr. Mould resumed coverage on TransAlta following the completion of its acquisition of the public float of TransAlta Renewables. Mr. Mould says in a note: "TransAlta's take-in of RNW simplifies its growth outlook and corporate structure at what we view as a reasonable valuation. As Alberta's largest generator by capacity (approximately 3.2 GW), we believe TransAlta's leading position in Canada's only deregulated power market cannot be easily duplicated by a competitor. In our view, the benefit of TransAlta's diverse Alberta generating portfolio and asset optimization expertise has been demonstrated by robust financial results in recent quarters. Strong results from the Alberta merchant fleet should support additional investments in contracted renewable power development. We view the current share price as a good entry point, given TransAlta's discounted valuation."