Credit Suisse Starts Pattern Energy Group (PEGI) at Outperform

November 18, 2016 7:53 AM EST
Get Alerts PEGI Hot Sheet
Price: $19.59 -0.61%

Rating Summary:
    12 Buy, 3 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 22 | Down: 17 | New: 13
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Credit Suisse initiates coverage on Pattern Energy Group (NASDAQ: PEGI) with a Outperform rating and a price target of $22.00.

Analyst A. Hughes commented, "We initiate coverage of Pattern Energy Group (Pattern) with an Outperform rating and a $22 target price. Substantial near-term growth vs current levels is secured through recent acquisitions, longer-term growth is insulated from a more uncertain US renewable energy policy outlook, and the stock is trading near our assessment of net asset value."

For an analyst ratings summary and ratings history on Pattern Energy Group click here. For more ratings news on Pattern Energy Group click here.

Shares of Pattern Energy Group closed at $19.19 yesterday.

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