The Globe and Mail reports in its Wednesday, Feb. 19, edition that CIBC World Markets analyst Mark Jarvi, seeing a valuation reset creating more enticing entry points for investors, upgraded Capital Power (CPX) and TransAlta (TA) to "outperformer" from "neutral." The Globe's David Leeder writes in the Eye On Equities column that Mr. Jarvi's share target for Capital Power slid to $64 from $68, remaining above the $63.50 average. His TransAlta share target dropped to $19.50 from $23, topping the $18.83 average. Mr. Jarvi says in a note: "In our view, CPX is better positioned on potential M&A given it opportunistically cashed up in December. Given its track record, we have more conviction CPX can deliver a solid U.S. acquisition (and TA has less dry powder for M&A). Further, we like CPX's multiple recontracting options in the U.S. and believe its Genesee asset is well positioned to secure a data centre-related deal. CPX is more insulated against any Alberta power price weakness (given hedges/asset mix) and has more to gain if carbon pricing in Alberta moderates; TA has more to gain if Alberta power prices rise. Given soft pricing year-to-date, we believe TA may provide conservative 2025 guidance on Feb. 20."