BMO Capital Maintains Market Perform on Algonquin Power, Lowers Price Target to $8.5
Portfolio Pulse from richadhand@benzinga.com
BMO Capital analyst Ben Pham has maintained a 'Market Perform' rating on Algonquin Power (NYSE:AQN) but lowered the price target from $9 to $8.5.
August 11, 2023 | 12:45 pm
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NEGATIVE IMPACT
Algonquin Power's price target has been lowered by BMO Capital from $9 to $8.5, while maintaining a 'Market Perform' rating.
The lowering of the price target by BMO Capital indicates a potential decrease in the stock's value. This could lead to a negative short-term impact on Algonquin Power's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100