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A pedestrian walks past the TransAlta building in downtown Calgary, in this file photo.
A pedestrian walks past the TransAlta building in downtown Calgary, in this file photo.
(Jeff McIntosh/The Canadian Press)

Friday's upgrades and downgrades: analysts scold TransAlta for dividend cut

Inside the Market’s roundup of some of today’s key analyst actions. This file will be updated during the trading day. For breaking analyst actions prior to market open every day, read our Before the Bell morning report.

TransAlta Corp. is being slammed in the analyst community this morning for its surprise decision on Thursday to cut its dividend, with several ratings downgrades and at least one close observer warning that the board's credibility has been significantly diminished.