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.
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 TWMIF:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue