CIBC Downgrades Brookfield Renewable Partners LP (BEP.UN) to Neutral
Brookfield Renewable Partners LP (TSE:BEP.UN) (NYSE:BEP) was downgraded by research analysts at CIBC from an “outperform” rating to a “neutral” rating in a report issued on Thursday. They currently have a C$45.00 price target on the stock.
Separately, Barclays PLC dropped their target price on shares of Brookfield Renewable Partners from C$46.00 to C$45.00 in a report on Friday, September 29th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of C$39.40.
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Brookfield Renewable Partners Company Profile
Brookfield Renewable Partners L.P., formerly Brookfield Renewable Energy Partners L.P., is the owner and operator of a portfolio of assets that generate electricity from renewable resources. The Company operates as a pure-play renewable power platform. Its segments include Hydroelectric, Wind, Other and Corporate.
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