BMO Capital Upgrades Algonquin Power to Outperform, Raises Price Target to $7.5
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Ben Pham has upgraded Algonquin Power (NYSE:AQN) from Market Perform to Outperform and increased the price target from $7 to $7.5.
January 08, 2024 | 9:44 am
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POSITIVE IMPACT
Algonquin Power's stock rating has been upgraded by BMO Capital from Market Perform to Outperform, with a raised price target from $7 to $7.5.
Analyst upgrades typically lead to positive short-term price movement as they suggest improved performance or potential of the company. The increase in price target further reinforces the positive outlook, which can lead to increased investor confidence and buying activity.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100