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Stock impact report

In a tough week for equities, this TSX company's stock bucked the trend [Yahoo! Finance Canada]

Algonquin Power & Utilities Corp. Common Shares (AQN) 
Last algonquin power & utilities corp. common shares earnings: 2/27 07:54 pm Check Earnings Report
US:NYSE Investor Relations: algonquinpower.com
volatile artificial intelligence sector, and surprising changes in price targets on three big TSX names. The Financial Post explores those stories and more in The Week in Stocks Stock of the week: Algonquin Power & Utilities Corp. In an overall tough week for equities, Algonquin Power & Utilities Corp. (TSX:AQN) came out ahead of the game as shares rose more than 12 per cent. Algonquin reported earnings per share that beat estimates, while the company, which operates across North America, got a leg up from increased rates at several utilities, John Mould, an analyst at TD Cowen, said in a note. “The company also benefited from lower operating expenses and lower interest expense,” Mould said. The analyst maintained his price target of $8.43. Analysts at BMO Capital Markets, RBC Capital Markets and Scotiabank Capital Markets all raised their price targets to $9.14 post-earnings on the heels of previous continuous hikes in the second half of the year. Shares are currently trading at Show less Read more
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