The Globe and Mail reports in its Tuesday, Feb. 27, edition that RBC analyst Maurice Choy is keeping TransAlta at "outperform." The Globe's David Leeder writes that Mr. Choy has elevated his share target to $14 from $13. TransAlta plans a share buyback program of up to $150-million for 2024. Mr. Choy says in a note: "We believe the introduction of the share repurchase program will also lead management to ensure that future capital that is intended to be deployed for growth projects will compete with alternative uses, including buying back the company's shares. To this end, we like management's commentary that TransAlta 'not grow simply for the sake of growth and to meet targets,' and we would even welcome a decision by the company to keep an active repurchase program beyond 2024. We believe the market will be seeking evidence of this more balanced capital allocation approach being taken in the coming quarters/years, and while we acknowledge that not every project will deliver a FCF yield that is superior to the yield implied by TransAlta's share price, we anticipate the market will expect future projects to have a weighted average FCF yield that is at or above the yield offered via buying back the company's shares."