BofA analyst Dariusz Lozny double upgraded Algonquin Power to Buy from Underperform with a price target of $9, up from $7. The company’s risks have shifted to the upside, the analyst tells investors in a research note. The firm believes Algonquin offers an attractive risk/reward with its "turnaround story largely underway." The Kentucky Power transaction not closing in April will serve as a "key upside catalyst," BofA contends.
Published first on TheFly
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