Wells Fargo Downgrades Algonquin Power to Equal-Weight, Lowers Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Neil Kalton has downgraded Algonquin Power (NYSE:AQN) from Overweight to Equal-Weight and lowered the price target from $8.5 to $6.
August 12, 2024 | 11:17 am
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Wells Fargo analyst Neil Kalton downgraded Algonquin Power from Overweight to Equal-Weight and reduced the price target from $8.5 to $6.
The downgrade from Overweight to Equal-Weight and the significant reduction in the price target from $8.5 to $6 by a major financial institution like Wells Fargo is likely to negatively impact investor sentiment and the short-term stock price of Algonquin Power.
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