2022-05-04 05:54:11 AQN Algonquin Power
05/04/22 05/0405:54 05/04/2205:54 | Algonquin Power downgraded on rising bond yields at National BankNational Bank analyst Rupert Merer downgraded Algonquin Power to Sector Perform from Outperform with an unchanged price target of $16. The U.S. 10-year bond yield has risen quickly to 3% and is a drag on utility valuations, Merer tells investors in a research note. Additionally, with inflation at more than 8% in the U.S., Algonquin could see some headwinds to costs in the near term, Merer tells investors in a research note. |
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