Clean Energy price target lowered to $6 from $7 at Scotiabank

Scotiabank lowered the firm’s price target on Clean Energy to $6 from $7 and keeps an Outperform rating on the shares. The firm anticipates Clean Energy’s Q4 results will have a neutral impact on near-term share prices, the analyst tells investors. Scotiabank remains optimistic on the outlook for Clean Energy as a whole and expects gradual improvement to margins and earnings as production ramps and reaches monetization in the latter half of the year.