CIBC Maintains Neutral on Algonquin Power, Lowers Price Target to $5.75
Portfolio Pulse from Benzinga Newsdesk
CIBC analyst Mark Jarvi maintains a Neutral rating on Algonquin Power (NYSE:AQN) and lowers the price target from $6 to $5.75.
October 08, 2024 | 3:13 pm
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CIBC analyst Mark Jarvi has maintained a Neutral rating on Algonquin Power and lowered the price target from $6 to $5.75, indicating a slightly bearish outlook.
The lowering of the price target from $6 to $5.75 by CIBC suggests a slightly bearish sentiment towards Algonquin Power's stock. Maintaining a Neutral rating indicates no strong buy or sell recommendation, but the reduced price target may lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100