TransAlta Corporation (USA) (TAC) is Downgraded by Credit Suisse to Underperform

TransAlta Corporation (USA) (TAC) was Downgraded by Credit Suisse to ” Underperform”. Earlier the firm had a rating of “Neutral ” on the company shares. Credit Suisse advised their investors in a research report released on Apr 22, 2016.

Many Wall Street Analysts have commented on TransAlta Corporation (USA). Company shares were Reiterated by RBC Capital Mkts on Feb 19, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 5 from a previous price target of $4.50 .

TransAlta Corporation (USA) opened for trading at $5.03 and hit $5.37 on the upside on Wednesday, eventually ending the session at $5.19, with a gain of 3.18% or 0.16 points. The heightened volatility saw the trading volume jump to 2,54,747 shares. Company has a market cap of $1,474 M.

TransAlta Corporation (TransAlta) is engaged in the production and sale of electric energy. The Company is organized into three business segments: Generation Energy Marketing and Corporate. The Generation segment is responsible for constructing operating and maintaining the Company’s electricity generation as well as the operation and maintenance of its related mining operations in Canada. The Energy Marketing segment is responsible for marketing its production through short-term and long-term contracts. The Energy Marketing segment also encompasses the management of available generating capacity as well as the fuel and transmission needs of the Generation business. The Corporate segment provides finance tax treasury legal regulatory environmental health and safety sustainable development corporate communications government and investor relations procurement information technology risk management human resources internal audit and other administrative services.

TransAlta Corporation (USA)

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