RE:RE:TD Downgrading to Hold Yes!! All these forecasts are in US$. It makes a huge difference. Don;'t be fooled.
CANCDN wrote: 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.