RE:TD Downgrading to Hold Both TD and RBC make good points. Credit Suisse, Desjardins BMO also downgraded, as they should.
The good news is that all those PT are in USD (except the TD I think). So still a good amount above the current price.
Agree the dividend will remain flat (as it should). Disagree about a cut as it is not needed. AQN will announce a reset, and in my opinion, it will be divestment of the renewable assets and move towards 95% regulatory. As RBC analyst said, we will trade at a discount to other utiltiies until we become a full utility investment. The rewables are garbage as a long term hold.