RBC Capital Maintains Sector Perform on Algonquin Power, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Nelson Ng has maintained a 'Sector Perform' rating on Algonquin Power (NYSE:AQN) but lowered the price target from $9 to $8.
September 14, 2023 | 1:28 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Algonquin Power's price target has been lowered from $9 to $8 by RBC Capital, though the 'Sector Perform' rating is maintained.
The lowering of the price target by RBC Capital indicates a potential decrease in the stock's value. However, the maintenance of the 'Sector Perform' rating suggests that the stock is expected to perform in line with the sector average. This could lead to a short-term negative impact on the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100