The Globe and Mail reports in its Wednesday edition that CIBC analyst Mark Jarvi has reaffirmed his "outperformer" recommendation for TransAlta. The Globe's David Leeder writes in the Eye On Equities column that Mr. Jarvi gave his share target a 50-cent boost to $18.50. Analysts on average target the shares at $15.39. Mr. Jarvi says in a note: "2023 was a challenging year for renewables and the Alberta power names limped into year-end. We are optimistic a recovery will come in the next few years. We might be early on the renewables call but we see attractive upside for investors willing take a bit more risk (preferred names: Boralex, Northland Power). The outlook for the regulated utilities is fairly stable: it is hard to get excited on valuation and earnings-per-share upside, but we believe some core exposure (lean toward quality over recovery) makes sense to hedge against macro/market uncertainty." The Globe reported on Oct. 11 that Mr. Jarvi was keeping his "outperformer" call on TransAlta intact. The shares could then be had for $11.74. The Globe reported on Nov. 23 that RBC Capital Markets analyst Maurice Choy had reaffirmed his "outperform" recommendation for TransAlta. The shares were then worth $10.91.