RBC Capital Maintains Outperform on Northland Power, Lowers Price Target to C$28
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Nelson Ng has maintained an 'Outperform' rating on Northland Power (TSX:NPI), but lowered the price target from C$31 to C$28.
October 03, 2023 | 1:24 pm
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NEUTRAL IMPACT
Northland Power's price target has been lowered by RBC Capital from C$31 to C$28, although the 'Outperform' rating is maintained.
The lowering of the price target by RBC Capital could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential upside, which could counterbalance the negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100