Wells Fargo analyst Neil Kalton lowered the firm’s price target on Algonquin Power to $5.50 from $6 and keeps an Equal Weight rating on the shares ahead of the busy Q3/EEI season. The firm does not expect any major updates from Algonquin on in conjunction with the Q3 release. Wells cites the company’s poor EPS track record along with its perception that Algonquin’s regulatory jurisdictions are below the peer group average.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AQN:
- Algonquin Power Announces Q3 2024 Earnings Call
- Algonquin Power price target lowered to $5.75 from $6 at CIBC
- Dollar Tree downgraded, Roku upgraded: Wall Street’s top analyst calls
- Janney starts Algonquin Power at Neutral, sees positives reflected in price
- Algonquin Power initiated with a Neutral at Janney Montgomery Scott
