TD Securities analyst Sean Steuart lowered the firm’s price target on Algonquin Power (AQN) to $6 from $6.50 and keeps a Hold rating on the shares. The company following reduced its 2027 earnings guidance by 9% at the midpoint due to newly anticipated tax headwinds, the analyst tells investors in a research note. The firm expects Algonquin to pursue optimization strategies to mitigate higher taxes.
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