The Globe and Mail reports in its Tuesday, March 10, edition that Raymond James analyst Theo Genzebu has elevated his recommendation for Algonquin Power & Utilities to "outperform" from "market perform." The Globe's David Leeder writes that Mr. Genzebu gave his share target a 75-cent boost to $7.50 (all figures U.S.). Analysts on average target the shares at $7.12. Mr. Genzebu says in a note: "We believe Algonquin's operational and regulatory execution continues to improve. With shares down 12 per cent (vs S&P/TSX down 1.6 per cent) following the revision of 2027 EPS guidance, we see the pullback as overdone. We view the guidance reset as non-operational in nature and not indicative of underlying business deterioration. With cost discipline taking hold, customer-service performance stabilizing, and continued constructive outcomes across key rate cases, we believe Algonquin remains well on its way to strengthening its core regulated utility business. Given the combination of improving earnings visibility, operational execution, and regulatory momentum, we are upgrading Algonquin." The Globe reported on Oct. 18, 2024, that Mr. Genzebu continued to rate Algonquin "sector perform." It was then worth $5.18.