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Fly News Breaks for March 8, 2017
GLBL, TERP, BEP
Mar 8, 2017 | 08:52 EDT
BMO Capital analyst Ben Pham expects Brookfield Renewable's (BEP) acquisition of a 51% stake in TerraForm Power (TERP) and its acquisition of 100% of TerraForm Global (GLBL) to be accretive. The analyst adds that the deal " should relieve some pressure on the payout ratio." He reiterates a $33 price target and an Outperform rating on Brookfield Renewable.
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