HASI price target lowered to $28 from $44 at Baird

Baird lowered the firm’s price target on HASI to $28 from $44 and keeps an Outperform rating on the shares. Despite the lower target, Baird has designated HASI asa bullish Fresh Pick noting announcements from other yield companies and the “higher for longer” narrative coupled with very bearish sentiment toward the renewables space, have sent the stock lower. Baird believes the selloff has ovelooked the company’s portfolio diversity, strong financial position, and lesser exposure to interest rate risk than feared, among others.