RBC Capital Reiterates Sector Perform on Algonquin Power, Maintains $8 Price Target
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Nelson Ng has reiterated a 'Sector Perform' rating on Algonquin Power (NYSE:AQN) and maintained an $8 price target.
October 10, 2023 | 1:13 pm
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RBC Capital has reiterated a 'Sector Perform' rating on Algonquin Power and maintained an $8 price target.
The reiteration of the 'Sector Perform' rating and the maintenance of the $8 price target by RBC Capital indicates that the analyst believes the stock is fairly valued at its current price. This could potentially lead to a neutral short-term impact on the stock's price as it suggests that the stock is expected to perform in line with the sector average.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100