Wells Fargo Maintains Overweight on Algonquin Power, Raises Price Target to $8.5
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Neil Kalton has maintained an Overweight rating on Algonquin Power (NYSE:AQN) and raised the price target from $8 to $8.5.
May 13, 2024 | 1:38 pm
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Wells Fargo's analyst Neil Kalton has reaffirmed an Overweight rating on Algonquin Power and increased the price target to $8.5, indicating a positive outlook on the stock.
The upgrade in the price target by a reputable analyst like Neil Kalton suggests a strong confidence in Algonquin Power's future performance. This kind of positive analyst coverage typically leads to increased investor interest and can drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100