Tidewater Midstream downgraded to Sector Perform from Outperform at Scotiabank

Scotiabank downgraded Tidewater Midstream & Infrastructure to Sector Perform from Outperform with a price target of C$0.45, down from C$0.85. The firm says the significant decline in low carbon fuel standard credits pressures liquidity at Tidewater Renewables. It expects the pricing will be depressed through the balance of 2024.