The Globe and Mail reports in its Tuesday, Nov. 11, edition that National Bank Financial analyst Patrick Kenny has lowered his recommendation for TransAlta to "sector perform" from "outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Kenny tweaked his share target ahead by a loonie to $18. Analysts on average target the shares at $22.68. Mr. Kenny says in a note: "Based on the accretion to our longer-term estimates from the 230 MW Keephills data centre contract, our target moves up $1 to $18, with a further $2-per-share valuation upside pending sanctioning of the Centralia project by year end. That said, with the stock trading above our pro forma Centralia life extension valuation of approximately $20, and uncertain timing surrounding definitive agreements and in-service dates associated with our 40-per-cent bluesky data centre valuation upside, we are moving back to 'sector perform' from 'outperform' with a recommended entry point below our SOTP [sum-of-the-parts] valuation of $18 pending further Phase 2 data centre opportunity details/clarity. TA remains focused on advancing its Alberta data centre strategy having secured a 230 MW Phase 1 allocation from the AESO at Keephills."