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Algonquin Power price target raised to $6.50 from $6 at Scotiabank

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.

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