BMO Capital Maintains Market Perform Rating for Atlantica Sustainable: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
BMO Capital has maintained its Market Perform rating for Atlantica Sustainable (NASDAQ:AY) but lowered its price target from $27.00 to $25.00. Atlantica's shares are currently trading down 2.13% at $20.68 per share. A move to $25.00 would represent a 20.89% increase from the current share price.
September 22, 2023 | 5:00 pm
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NEGATIVE IMPACT
BMO Capital has maintained its Market Perform rating for Atlantica Sustainable but lowered its price target. This could potentially impact the stock's performance in the short term.
The lowering of the price target by BMO Capital indicates a less optimistic outlook for the stock, which could potentially lead to a negative impact on the stock's performance in the short term. However, the maintenance of the Market Perform rating suggests that the stock is expected to perform in line with the market, which could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100