Positive Report for Algonquin Power & Utilities (AQN) from Desjardins
In a report released today, Brent Stadler from Desjardins upgraded Algonquin Power & Utilities to a Buy, with a price target of $6.25. The company’s shares closed yesterday at $5.37.
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Stadler covers the Utilities sector, focusing on stocks such as Brookfield Renewable Partners, TransAlta, and Capital Power. According to TipRanks, Stadler has an average return of 1.8% and a 44.44% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Algonquin Power & Utilities with a $6.23 average price target.
AQN market cap is currently $4.11B and has a P/E ratio of -2.99.
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