The Globe and Mail reports in its Tuesday edition that TD Cowen analyst John Mould has assumed coverage on Algonquin Power & Utilities with a "hold" recommendation. The Globe's David Leeder writes in the Eye On Equities column that Mr. Mould gave his share target a 50-cent trim to $6 (all figures U.S.). Analysts on average target the shares at $6.17. Mr. Mould says in a note, "We remain cautious regarding Algonquin Power's rate-case outcomes, particularly in Missouri, given the PSC staff's request for a lower ROE due to past customer service and billing issues." The Globe reported on Feb. 19 that RBC Capital analyst Nelson Ng had reiterated his "sector perform" recommendation for Algonquin Power. The shares were then going for $4.95. The Globe reported on March 11 that Desjardins Securities analyst Brent Stadler had reaffirmed his "hold" recommendation for Algonquin Power. The shares could then be had for $6.78. The Globe reported on May 13 that Mr. Ng said Algonquin Power was "turning the corner." The shares were then trading at $7.81. The Globe reported on June 5 that National Bank Financial analyst Rupert Merer had downgraded Algonquin Power to "sector perform" from "outperform." The shares were then worth $7.99.