UPDATE: Raymond James Upgrades Atlantica Yield plc (AY) to Outperform

March 2, 2021 12:28 AM EST
Get Alerts AY Hot Sheet
Price: $38.46 -0.05%

Rating Summary:
    5 Buy, 2 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 23 | Down: 22 | New: 25
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(Updated - March 2, 2021 5:23 AM EST)

Raymond James analyst David Quezada upgraded Atlantica Yield plc (NASDAQ: AY) from Market Perform to Outperform with a price target of $47.00.

The analyst comments "With shares of AY now down 17% in recent weeks, we believe recent weakness in the stock is overdone and are upgrading the name to Outperform. We highlight solid CAFD growth, a strong pace of equity investments (much of which is already secured for 2021), AY's top ESG standing and strong visibility on longer term growth as key elements of our constructive stance."

For an analyst ratings summary and ratings history on Atlantica Yield plc click here. For more ratings news on Atlantica Yield plc click here.

Shares of Atlantica Yield plc closed at $37.06 yesterday.

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