Scotiabank Maintains Sector Perform on Innergex Renewable Energy, Lowers Price Target to $17.25
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Justin Strong has maintained a 'Sector Perform' rating on Innergex Renewable Energy (OTC:INGXF) but lowered the price target from C$19.25 to C$17.25.
June 28, 2023 | 6:52 pm
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NEGATIVE IMPACT
Scotiabank has maintained its 'Sector Perform' rating on Innergex Renewable Energy but lowered the price target, which could potentially impact the stock's performance.
The lowering of the price target by Scotiabank indicates a potential decrease in the value of Innergex Renewable Energy's stock. This could lead to a negative short-term impact on the stock's price as it adjusts to the new target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100