Mizuho lowered the firm’s price target on Avangrid to $36 from $39 and keeps a Neutral rating on the shares. As a result of the Commonwealth Wind’ project termination, Avangrid paid a $48M termination fee to the Massachusets electric distribution companies, the analyst tells investors in a research note. The firm cites lower comps for the target drop.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on AGR:
- Avangrid in pilot project with LineVision to boost grid capacity in NY state
- Avangrid announces Camino Solar, its first photovoltaic project in California
- Avangrid announces installation completion of offshore substation
- Avangrid reports Q2 adjusted EPS 21c, consensus 40c
- Avangrid starts construction of 240 MWac True North solar farm in Texas
