R.F. Lafferty Downgrades Brookfield Renewable Energy (BEP) to Hold

May 4, 2021 11:29 AM EDT
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Price: $36.13 +1.89%

Rating Summary:
    11 Buy, 7 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 3 | Down: 3 | New: 34
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R.F. Lafferty analyst Jaime Perez downgraded Brookfield Renewable Energy (NYSE: BEP) from Buy to Hold with a price target of $35.00 (from $49.00).

"The drivers behind our downgrade and lower price target are moderating hydro output in the near term and moderating demand growth in the broad market," the analyst commented.

For an analyst ratings summary and ratings history on Brookfield Renewable Energy click here. For more ratings news on Brookfield Renewable Energy click here.

Shares of Brookfield Renewable Energy closed at $38.37 yesterday.

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