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Fly News Breaks for November 12, 2019
BEP
Nov 12, 2019 | 07:19 EDT
TD Securities analyst Sean Steuart downgraded Brookfield Renewable to Hold from Buy with a price target of $45, up from $43, after the company reported Q3 results that were near expectations and also confirmed its previously articulated plans to create an exchange corporation structure. Since late-December 2018, the stock has delivered total unitholder returns of 88%, assuming dividend reinvestment, and the units are now trading near the high-end of their historical valuation range, said Steuart.
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