The Globe and Mail reports in its Wednesday, May 1, edition that Desjardins Securities analyst Brent Stadler has reaffirmed his "hold" recommendation for Algonquin Power and Utilities. The Globe's David Leeder writes in the Eye On Equities column that Mr. Stadler gave his share target a 25-cent trim to a Street-low $5.50. Mr. Stadler says in a note: "We forecast EPS of 14 U.S. cents below (10 per cent) consensus of 16 U.S. cents. We expect higher interest expense (from rates and total debt), modestly unfavourable weather and limited growth to weigh on earnings. A resolution to the proposed renewables sales process could be forthcoming in the near term, but we believe the macro environment has potentially made a sale more challenging." The Globe reported on March 12 that Mr. Stadler had elevated his recommendation for Algonquin Power & Utilities to "hold" from "sell." The shares could then be had for $8.66. The Globe reported on April 4 that National Bank Financial analyst Rupert Merer continued to rate Algonquin Power "sector perform." The shares could then be had for $8.41.