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Analysts Have Conflicting Sentiments on These Utilities Companies: Algonquin Power & Utilities (AQN) and Emera (EMA)

Tipranks - Tue May 12, 11:56AM CDT

Companies in the Utilities sector have received a lot of coverage today as analysts weigh in on Algonquin Power & Utilities (AQN) and Emera (EMA).

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Algonquin Power & Utilities (AQN)

Barclays analyst Michael Lonegan maintained a Buy rating on Algonquin Power & Utilities today. The company’s shares closed last Monday at $5.98.

According to TipRanks.com, Lonegan is a 4-star analyst with an average return of 7.3% and a 61.7% success rate. Lonegan covers the Utilities sector, focusing on stocks such as American Electric Power, Hawaiian Electric, and DTE Energy. ;'>

Algonquin Power & Utilities has an analyst consensus of Moderate Buy, with a price target consensus of $6.76, representing a 10.8% upside. In a report released today, Scotiabank also maintained a Buy rating on the stock with a $7.00 price target.

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Emera (EMA)

In a report released today, Mark Jarvi from CIBC maintained a Hold rating on Emera, with a price target of C$74.00. The company’s shares closed last Monday at $52.54.

According to TipRanks.com, Jarvi is a 5-star analyst with an average return of 13.6% and a 69.7% success rate. Jarvi covers the Utilities sector, focusing on stocks such as Brookfield Renewable Partners, Algonquin Power & Utilities, and XPLR Infrastructure. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Emera with a $55.31 average price target, implying a 5.0% upside from current levels. In a report issued on April 28, Barclays also initiated coverage with a Hold rating on the stock with a price target.

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