Morgan Stanley analyst Robert Kad upgraded HASI to Overweight from Equal Weight with an unchanged price target of $23. The substantial selloff in clean energy looks overdone, the analyst tells investors in a research note. The firm believes the pullback in HASI is overdone and “incongruous with business fundamentals.” It expects the stock to migrate toward its fair value as execution refocuses investors on HASI’s “solid fundamentals.”
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- HASI price target lowered to $28 from $44 at Baird
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