Algonquin Power & Utilities Corp. (AQN:CA) — Scotiabank lowered its price target to C$9.00 from C$10.00. The target change represents a 10.0% decrease. Algonquin provides regulated electricity, natural gas and water services through its utility operations. Looking ahead, the investment case depends on translating utility investment into earnings and cash flow. Rate decisions, financing costs and execution on capital projects will be key factors in assessing the lower target.
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