Hannon Armstrong (HASI) PT Raised to $50 at Cowen

Cowen analyst Jeffrey Osborne raised the price target on Hannon Armstrong (NYSE: HASI) to $50.00 (from $48.00) while maintaining an Outperform rating.

The analyst commented, "Hannon Armstrong continues to fire on all cylinders, and we like the setup heading into 2021 for accelerating earnings growth. We see the 4Q20 earnings call in February serving as a catalyst where management likely guides to a sustained mid-single digit EPS growth and transaction volumes above $1bn in 2020 and beyond. Debt to equity remains low and the deal pipeline remains robust above $2.5bn."

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