Raymond James analyst David Quezada downgraded Northland Power to Outperform from Strong Buy with a price target of C$30, down from C$32. The firm’s constructive outlook is clouded by uncertainty with respect to senior management, with the company’s CFO role yet to be filled and CEO Mike Crawley set to depart the company by the end of September, which is consistent with the company’s recently announced management transition, the analyst tells investors in a research note.
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