Scotiabank Maintains Sector Perform on Algonquin Power, Lowers Price Target to $6.5
Portfolio Pulse from Benzinga Newsdesk
Scotiabank has maintained its Sector Perform rating on Algonquin Power (NYSE:AQN) but has reduced the price target from $7.5 to $6.5.
April 22, 2024 | 5:42 pm
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NEGATIVE IMPACT
Scotiabank maintains a Sector Perform rating on Algonquin Power but lowers its price target from $7.5 to $6.5.
The reduction in price target by Scotiabank reflects a negative outlook on Algonquin Power's stock price in the short term. This adjustment could lead to a decrease in investor confidence and potentially lower stock prices as market participants adjust their expectations based on the new price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100