RBC Capital downgraded Atlantica Sustainable Infrastructure to Sector Perform from Outperform with a price target of $22, down from $24, after the company entered into an agreement to be acquired by Energy Capital Partners for $22 per share cash. Although the sale price was at a 19% premium to the share price on April 22, which was the last trading day prior to a news report about a sale, some investors will be disappointed that the acquisition price is at a 6% discount to the previous closing price, the analyst noted.
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