Hannon Armstrong Sustainable Infrastructure shares are trading lower after Morgan Stanley maintained an Equal-Weight rating on the stock but lowered its price target from $26 to $23.
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has maintained an Equal-Weight rating on Hannon Armstrong Sustainable Infrastructure (HASI) but lowered its price target from $26 to $23. This has led to a decrease in HASI's share price.
October 03, 2023 | 3:55 pm
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NEGATIVE IMPACT
Morgan Stanley's lowered price target for HASI from $26 to $23 has negatively impacted the company's share price.
The lowering of the price target by a major financial institution like Morgan Stanley indicates a less optimistic outlook for the company's stock, which can lead to a decrease in the stock's price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
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