The Globe and Mail reports in its Friday edition that National Bank's Baltej Sidhu has reaffirmed his "outperform" recommendation for Brookfield Renewable Partners. The Globe's David Leeder writes that Mr. Sidhu continues to target the units at $38 (all figures U.S.). Analysts on average target the shares at $38.14. Mr. Sidhu says in a note: "The completed acquisition of Boralex adds a largely contracted renewable platform and 8 GW development opportunities, while creating further scope for asset optimization and strengthening Brookfield's positioning in Quebec and future Canadian opportunities through its partnership with La Caisse. The Aypa Power acquisition announced in Q3 should further expand Brookfield's North American storage platform, adding1 GW of operating, under construction and contracted capacity and over 3 GW of development projects net to Brookfield. Westinghouse provides longer-term upside, with a potential $50-billion IPO valuation implying $7–$8/unit of potential value for Brookfield vs. our current $5–$6/unit estimate. Price discovery could crystallize an incremental more than $1.50–$2/unit, validating Brookfield's nuclear strategy, although we do not assume any IPO benefit in our current estimates."