Analysts fell to the sidelines weighing in on Atlantic Power (AT) and Ovintiv (OVV) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.
Atlantic Power (AT)
TD Securities analyst TD Newcrest downgraded Atlantic Power to Hold on January 18 and set a price target of C$3.03. The company’s shares closed last Tuesday at $2.96, close to its 52-week high of $3.00.
Currently, the analyst consensus on Atlantic Power is a Moderate Buy with an average price target of $2.85, implying a -3.1% downside from current levels. In a report issued on January 18, National Bank also downgraded the stock to Hold with a $3.03 price target.
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