Barclays initiated coverage of Brookfield Renewable Partners (BEP) with an Equal Weight rating and $27 price target. Brookfield Renewable Partners is a globally diversified owner and operator of renewable power assets, the analyst tells investors in a research note. The firm says that while the shares look attractive relative to the closest comp Clearway Energy (CWEN), Brookfield Renewable Partners has a higher payout ratio and more elevated leverage ratios.
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