Atlantica Sustainable Infrastructure price target lowered to $26 from $34 at RBC Capital

RBC Capital analyst Shelby Tucker lowered the firm’s price target on Atlantica Sustainable Infrastructure to $26 from $34 but keeps an Outperform rating on the shares. The firm believes that the company’s strategic review will not result in a sale, and absent a sale, Atlantica Sustainable Infrastructure may adopt a more conservative payout ratio to internally fund growth, the analyst tells investors in a research note. RBC adds however that it sees value in the shares and believes the company can execute on attractive organic growth opportunities.