Algonquin Power & Utilities Corp T.AQN

Expect more analyst downgrades on Monday

[Indicator]

Further analyst actions could occur on Monday, when their full reviews of the company’s quarterly results become available.

iA Capital Markets analyst Naji Baydoun:
“We have been forecasting long-term growth below AQN’s stated objectives for some time, and continue to remain on the sidelines as the Company attempts to (1) reposition its portfolio for more consistent per share growth, and (2) regain investor confidence via improved execution and strategic initiatives,” he said in a note to clients.

https://www.theglobeandmail.com/business/industry-news/energy-and-resources/article-algonquin-power-utilities-reports-third-quarter-loss-cuts-guidance-for/

[newcoin]

iA Capital Markets analyst Naji Baydoun cut his price target to C$16 from $19 while maintaining a “hold” rating.