CIBC analyst Mark Jarvi resumed coverage of Brookfield Renewable Partners (BEP) with an Outperformer rating with a price target of $37, up from $35, after a period of restriction. The firm believes Brookfield Renewable Partners remains well positioned for accelerating hyperscaler/corporate power demand with a deep development pipeline, strong execution, robust M&A capabilities and a strong balance sheet supported by its programmatic capital recycling program.
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