CIBC Maintains Neutral on Algonquin Power, Lowers Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
CIBC analyst Mark Jarvi maintains a Neutral rating on Algonquin Power (NYSE:AQN) but lowers the price target from $7 to $6.
August 12, 2024 | 6:23 pm
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CIBC analyst Mark Jarvi maintains a Neutral rating on Algonquin Power (NYSE:AQN) and lowers the price target from $7 to $6.
The lowered price target from $7 to $6 by CIBC suggests a less optimistic outlook for Algonquin Power, which could negatively impact investor sentiment and the stock price in the short term.
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