Wells Fargo Maintains Equal-Weight on Algonquin Power, Lowers Price Target to $5.5
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Neil Kalton has maintained an Equal-Weight rating on Algonquin Power (NYSE:AQN) but has lowered the price target from $6 to $5.5.
October 16, 2024 | 3:29 pm
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Wells Fargo has maintained its Equal-Weight rating on Algonquin Power but reduced the price target from $6 to $5.5, indicating a less optimistic outlook.
The lowering of the price target by Wells Fargo suggests a less optimistic view on Algonquin Power's future performance, which could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100