HASI price target raised to $44 from $30 at Morgan Stanley

Morgan Stanley analyst Robert Kad raised the firm’s price target on HASI to $44 from $30 and keeps an Overweight rating on the shares. The analyst sees upside to the company’s guidance through execution on an origination pipeline where it says HASI is sourcing higher yielding investments without changing its risk parameters. Additionally, the company’s returns on equity should rise over time as HASI deploys co-investment capital through its CarbonCount Holdings 1 partnership with KKR, the analyst tells investors in a research note.