RBC Capital Maintains Outperform on Northland Power, Lowers Price Target to C$31
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Nelson Ng has maintained an 'Outperform' rating on Northland Power (TSX:NPI), but has lowered the price target from C$36 to C$31.
August 14, 2023 | 2:38 pm
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RBC Capital has maintained an 'Outperform' rating on Northland Power, but lowered the price target from C$36 to C$31.
The news is directly related to Northland Power. While the 'Outperform' rating is maintained, the lowering of the price target could indicate a potential decrease in the stock's value in the short term. However, the impact is not necessarily negative as the 'Outperform' rating suggests that the stock is still expected to do better than the market average.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100