Ameresco price target raised to $29 from $27 at Canaccord

Canaccord raised the firm’s price target on Ameresco (AMRC) to $29 from $27 and keeps a Buy rating on the shares. The firm continues to see Ameresco as a near-, medium-, and long-term grower. Through the company’s energy efficiency work, it helps customers save money in a world of increasing power prices. The slight valuation discount is justified based on the current uncertainty in the market, but could increase as the company executes and regains its footing.