11:39 AM EST, 01/21/2026 (MT Newswires) -- CIBC Capital Markets on Tuesday outlined price target revisions for some Canadian power and utility equities ahead of the fourth-quarter earnings reporting season.

CIBC said it increased the price target for ATCO (ACO.X) to C$69.00 from $68.00 to reflect an earnings increase, while raising the price target of Canadian Utilities ( CUTLF ) to $45.00 from $44.00 to reflect a higher P/E multiple.

The price target also increased for Capital Power ( CPXWF ) to $82.00 from $81.00 following the Arlington Valley contract extension.

CIBC trimmed its price target for Boralex ( BRLXF ) to $36.00 from $37.00 and reduced Emera's ( EMA ) price target to $71.00 from $72.00 due to the trimming of estimates.

Northland Power's (NPI.TO) price target was cut to $22.00 from $23.00 to reflect estimate revisions and more conservative valuation parameters, while TransAlta's ( TAC ) price target was down to $25.00 from $26.00 on modestly lower Alberta power prices and tweaks to valuation parameters.