Scotiabank analyst Robert Hope raised the firm’s price target on Algonquin Power (AQN) to $6.50 from $6 and keeps a Sector Perform rating on the shares. The company’s 2025-2027 outlook was better than expectation, the analyst tells investors. Additionally, the company sees strong improvement in earned ROEs and the firm believes could be further ROE improvement beyond 2027 as the company continues to optimize costs and file rate cases.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AQN:
- Apple downgraded, Snowflake upgraded: Wall Street’s top analyst calls
- Algonquin Power price target raised to $6 from $5 at Raymond James
- Algonquin Power downgraded to Sector Perform from Outperform at National Bank
- Algonquin Power & Utilities Corp. Elects Board and Approves Key Resolutions at Annual Meeting
- Algonquin Power & Utilities Unveils ‘Back to Basics’ Plan with Promising Financial Outlook