CIBC Maintains Neutral on Algonquin Power, Lowers Price Target to $5.5
Portfolio Pulse from Benzinga Newsdesk
CIBC analyst Mark Jarvi maintains a Neutral rating on Algonquin Power (NYSE:AQN) and lowers the price target from $5.75 to $5.5.
October 22, 2024 | 8:53 pm
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NEGATIVE IMPACT
CIBC analyst Mark Jarvi has maintained a Neutral rating on Algonquin Power and reduced the price target from $5.75 to $5.5, indicating a slightly bearish outlook.
The reduction in the price target from $5.75 to $5.5 by CIBC suggests a slightly bearish sentiment towards Algonquin Power's short-term performance. Maintaining a Neutral rating indicates no strong buy or sell recommendation, but the lowered target may influence investor sentiment negatively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100