Goldman Sachs Initiates Coverage On Hannon Armstrong with Neutral Rating, Announces Price Target of $26
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Brian Lee has initiated coverage on Hannon Armstrong (NYSE:HASI) with a Neutral rating and set a price target of $26 for the company's stock.

November 28, 2023 | 9:26 am
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NEUTRAL IMPACT
Goldman Sachs has initiated coverage on Hannon Armstrong with a Neutral rating and a price target of $26, which may influence investor sentiment and stock performance.
The initiation of coverage by Goldman Sachs with a Neutral rating suggests a balanced view on Hannon Armstrong's stock without a strong bullish or bearish bias. The price target announcement provides a specific expectation for the stock's future price level. While this could guide investor expectations, the Neutral rating does not imply significant short-term movement, hence the score is neutral. The relevance is high as the news directly pertains to HASI, and the importance is significant as analyst ratings can influence investor sentiment. The confidence level is high due to the credibility of Goldman Sachs as a financial institution.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100