Scotiabank raised the firm’s price target on Brookfield Renewable Partners (BEP) to $30 from $29 and keeps an Outperform rating on the shares. Tailwinds for the power space continue to increase and the firm expects stocks in its coverage of Utilities & Energy Infrastructure to continue to see strong share price returns in Q3 as more catalysts are realized, the analyst tells investors. The firm prefers the power names followed by gas-levered pipeline/midstream names and finally the utility group.
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