Scotiabank Maintains Outperform on Northland Power, Lowers Price Target to $37.5
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Justin Strong has maintained an Outperform rating on Northland Power (OTC:NPIFF) but lowered the price target from C$41.5 to C$37.5.
June 28, 2023 | 6:54 pm
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NEUTRAL IMPACT
Scotiabank has maintained an Outperform rating on Northland Power but lowered the price target, which could lead to short-term uncertainty in the stock's performance.
While the Outperform rating suggests that Scotiabank expects Northland Power to outperform the market, the lowered price target could create some uncertainty among investors. This could potentially lead to short-term volatility in the stock's price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100