Hannon Armstrong Sustainable Infrastructure Capital, Inc. provides capital and services to the energy efficiency, renewable energy, and other sustainable infrastructure markets in the United States. The company's projects include energy efficiency projects that reduce a buildings or facilities energy usage or cost through the use of solar generation, including heating, ventilation, and air conditioning systems, as well as lighting, energy controls, roofs, windows, building shells, and/or combined heat and power systems. It also focuses in the areas of grid connected projects that deploy cleaner energy sources, such as solar and wind to generate power; and other sustainable infrastructure projects, including upgraded transmission or distribution systems, water and storm water infrastructures, and other projects. The company qualifies as a real estate investment trust for U.S. federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Hannon Armstrong Sustainable Infrastructure Capital, Inc. was founded in 1981 and is headquartered in Annapolis, Maryland.
IPO Year: 2013
Exchange: NYSE
Website: hannonarmstrong.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
9/4/2024 | $39.00 | Buy | Jefferies |
9/3/2024 | $41.00 | Outperform | RBC Capital Mkts |
11/28/2023 | $26.00 | Neutral | Goldman |
11/21/2023 | $30.00 | Buy | Mizuho |
10/20/2023 | $29.00 | Outperform | Exane BNP Paribas |
10/17/2023 | $23.00 | Equal-Weight → Overweight | Morgan Stanley |
8/18/2023 | $24.00 | Neutral | Citigroup |
8/15/2023 | $27.00 | Neutral → Buy | BofA Securities |
1/24/2023 | $39.00 → $34.00 | Underperform → Neutral | BofA Securities |
2/15/2022 | $60.00 → $50.00 | Neutral → Buy | UBS |
4 - HA Sustainable Infrastructure Capital, Inc. (0001561894) (Issuer)
4 - Hannon Armstrong Sustainable Infrastructure Capital, Inc. (0001561894) (Issuer)
4 - HA Sustainable Infrastructure Capital, Inc. (0001561894) (Issuer)
4 - HA Sustainable Infrastructure Capital, Inc. (0001561894) (Issuer)
4 - HA Sustainable Infrastructure Capital, Inc. (0001561894) (Issuer)
4 - HA Sustainable Infrastructure Capital, Inc. (0001561894) (Issuer)
4 - Hannon Armstrong Sustainable Infrastructure Capital, Inc. (0001561894) (Issuer)
4 - Hannon Armstrong Sustainable Infrastructure Capital, Inc. (0001561894) (Issuer)
4 - Hannon Armstrong Sustainable Infrastructure Capital, Inc. (0001561894) (Issuer)
4 - Hannon Armstrong Sustainable Infrastructure Capital, Inc. (0001561894) (Issuer)
4 - Hannon Armstrong Sustainable Infrastructure Capital, Inc. (0001561894) (Issuer)
4 - Hannon Armstrong Sustainable Infrastructure Capital, Inc. (0001561894) (Issuer)
HA Sustainable Infrastructure Capital, Inc. ("HASI," "we," "our" or the "Company") (NYSE:HASI), a leading investor in climate solutions, today reported results for the third quarter of 2024. Key Highlights Closed transactions with multiple new clients over the last few months, including Lightsource bp and Vision RNG. Funded additional investments for CCH1 with partnership progressing as expected. Managed assets increased 14% year-over-year to $13.1 billion and our Portfolio grew 15% year-over-year to $6.3 billion. Transactions totaled $396 million in the third quarter of 2024 and $1.2 billion through the first three quarters of 2024. Yields on new portfolio investments through th
HA Sustainable Infrastructure Capital, Inc. ("HASI," or the "Company") (NYSE:HASI), a leading investor in climate solutions, today announced that the Company will release its third quarter 2024 results after market close on Thursday, November 7, 2024, to be followed by a conference call at 5:00 p.m. (Eastern Time). The conference call can be accessed live over the phone by dialing 1-877-407-0890 (Toll-Free) or +1-201-389-0918 (toll). Participants should inform the operator you want to be joined to the "HASI Third Quarter 2024 Results" call. The conference call will also be accessible as an audio webcast with slides on our website. A replay after the event will be accessible as on-demand we
HA Sustainable Infrastructure Capital, Inc. ("HASI," "we," "our" or the "Company") (NYSE:HASI), a leading investor in climate solutions, today reported results for the second quarter of 2024. Key Highlights New strategic partnership launched with KKR targeting co-investment of $2 billion over 18 months in sustainable infrastructure projects. Second investment grade rating enabled our first investment grade bond issuance—$700 million of senior secured notes due 2034 with a coupon of 6.375%. Managed assets increased 21% year-over-year to $13.0 billion and our Portfolio grew 27% year-over-year to $6.2 billion. Closed transactions of $260 million in the second quarter of 2024 and
HA Sustainable Infrastructure Capital, Inc. ("HASI," or the "Company") (NYSE:HASI), a leading investor in climate solutions, today announced that the Company will release its second quarter 2024 results after market close on Thursday, August 1, 2024, to be followed by a conference call at 5:00 p.m. (Eastern Time). The conference call can be accessed live over the phone by dialing 1-877-407-0890 (Toll-Free) or +1-201-389-0918 (toll). Participants should inform the operator you want to be joined to the HASI call. The conference call will also be accessible as an audio webcast with slides on our website. A replay after the event will be accessible as on-demand webcast on our website. Inter
Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("HASI," "we," "our" or the "Company") (NYSE:HASI), a leading investor in climate solutions, today reported results for the first quarter of 2024. Business Highlights Announced CarbonCount Holdings 1 LLC, a strategic partnership with KKR, to invest in $2 billion of sustainable infrastructure assets in a concurrent press release Increased the capacity and extended the maturities of our revolving line of credit and commercial paper programs Increased pipeline to over $5.5 billion Financial Results Delivered $0.98 GAAP diluted EPS QTD compared with $0.26 a year ago Delivered $0.68 Adjusted EPS, formerly Distributable
Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("HASI," or the "Company") (NYSE:HASI), a leading investor in climate solutions, today announced that the Company will release its first quarter 2024 results after market close on Tuesday, May 7, 2024, to be followed by a conference call at 5:00 p.m. (Eastern Time). The conference call can be accessed live over the phone by dialing 1-877-407-0890 (Toll-Free) or +1-201-389-0918 (toll). Participants should inform the operator you want to be joined to the HASI call. The conference call will also be accessible as an audio webcast with slides on our website. A replay after the event will be accessible as on-demand webcast on our website
Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("HASI," "we," "our" or the "Company") (NYSE:HASI), a leading investor in climate solutions, today reported results for the fourth quarter and full year of 2023. Financial Highlights Delivered $1.42 GAAP EPS on a fully diluted basis in 2023, compared with $0.47 in 2022 Delivered $2.23 Distributable EPS on a fully diluted basis in 2023, compared to $2.08 Distributable EPS in 2022, representing 7% year-on-year growth Grew Portfolio 44% in 2023 to $6.2 billion and managed assets 26% to $12.3 billion compared to the end of 2022 Reported GAAP-based Net Investment Income of $58 million in 2023, compared to $45 million in 2022
Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("HASI," or the "Company") (NYSE:HASI), a leading investor in climate solutions, today announced that the Company will release its fourth quarter and full year 2023 results after market close on Thursday, February 15, 2024, to be followed by a conference call at 5:00 p.m. (Eastern Time). The conference call can be accessed live over the phone by dialing 1-877-407-0890 (Toll-Free) or +1-201-389-0918 (toll). Participants should inform the operator you want to be joined to the HASI call. The conference call will also be accessible as an audio webcast with slides on our website. A replay after the event will be accessible as on-demand
Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("HASI" or the "Company") (NYSE:HASI), a leading investor in climate solutions, today announced the Federal income tax treatment of the Company's 2023 distributions on its common stock (CUSIP #41068X100). The Federal income tax classification of the aggregate $1.56 distribution per share on the Company's common stock with respect to the calendar year ended December 31, 2023, is shown in the table below: Record Date Payable Date Total Distribution Per Share Ordinary Income Per Share Return of Capital Per Share Long-Term Capital Gain Per Share Section 199A Dividend Per Share 12/28/2022
Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("HASI," "we," "our" or the "Company") (NYSE:HASI), today announced that its Board of Directors (the "Board") has adopted a tax benefits preservation plan (the "NOL Plan") to help preserve the value of its net operating losses ("NOLs") and other tax attributes (together with NOLs, "Tax Attributes"). The Company estimates that its cumulative NOL carryforwards exceed $465 million, as of December 31, 2022, which together with its other tax attributes can be utilized in certain circumstances to reduce future U.S. corporate income tax liabilities. However, the Company's ability to use its Tax Attributes may become substantially limited
10-Q - HA Sustainable Infrastructure Capital, Inc. (0001561894) (Filer)
8-K - HA Sustainable Infrastructure Capital, Inc. (0001561894) (Filer)
8-K - HA Sustainable Infrastructure Capital, Inc. (0001561894) (Filer)
8-K - HA Sustainable Infrastructure Capital, Inc. (0001561894) (Filer)
EFFECT - HA Sustainable Infrastructure Capital, Inc. (0001561894) (Filer)
10-Q - HA Sustainable Infrastructure Capital, Inc. (0001561894) (Filer)
8-K - HA Sustainable Infrastructure Capital, Inc. (0001561894) (Filer)
S-8 POS - HA Sustainable Infrastructure Capital, Inc. (0001561894) (Filer)
S-8 POS - HA Sustainable Infrastructure Capital, Inc. (0001561894) (Filer)
S-8 POS - HA Sustainable Infrastructure Capital, Inc. (0001561894) (Filer)
SC 13G/A - HA Sustainable Infrastructure Capital, Inc. (0001561894) (Subject)
SC 13G/A - Hannon Armstrong Sustainable Infrastructure Capital, Inc. (0001561894) (Subject)
SC 13G/A - Hannon Armstrong Sustainable Infrastructure Capital, Inc. (0001561894) (Subject)
SC 13G/A - Hannon Armstrong Sustainable Infrastructure Capital, Inc. (0001561894) (Subject)
SC 13G/A - Hannon Armstrong Sustainable Infrastructure Capital, Inc. (0001561894) (Subject)
SC 13G/A - Hannon Armstrong Sustainable Infrastructure Capital, Inc. (0001561894) (Subject)
SC 13G/A - Hannon Armstrong Sustainable Infrastructure Capital, Inc. (0001561894) (Subject)
SC 13G/A - Hannon Armstrong Sustainable Infrastructure Capital, Inc. (0001561894) (Subject)
SC 13G/A - Hannon Armstrong Sustainable Infrastructure Capital, Inc. (0001561894) (Subject)
SC 13G/A - Hannon Armstrong Sustainable Infrastructure Capital, Inc. (0001561894) (Subject)
Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong" or "HASI") (NYSE:HASI), a leading investor in climate solutions, today announced the appointment of Kimberly A. Reed and Jeffrey A. Lipson to its Board of Directors, effective March 1, 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230301005447/en/Kimberly A. Reed (Photo: Business Wire) In connection with these elections, the Board of Directors will consist of 11 members, 9 of whom are independent members. The Board appointed Ms. Reed to serve as a member of the Audit Committee and the Finance and Risk Committee. "We are delighted to add Kimberly
Jeff Lipson named President and CEO; Jeff Eckel will become Executive Chair; Marc Pangburn to succeed Lipson as CFO As part of our planned leadership succession process, the Board of Directors of Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong," "HASI," or the "Company") (NYSE:HASI) today announced three key executive appointments, effective March 1, 2023. Jeffrey A. Lipson, currently EVP, Chief Operating Officer (COO) & Chief Financial Officer (CFO), will become the President & Chief Executive Officer (CEO). Jeffrey W. Eckel, currently Chair, President & CEO, will assume the role of Executive Chair and continue leading the Board. Marc T. Pangburn, curr
Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong") (NYSE:HASI), a leading investor in climate solutions, today announced the appointment of Lizabeth "Beth" Ardisana to its Board of Directors, effective October 10, 2022. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221013006000/en/Lizabeth Ardisana (Photo: Business Wire) With the addition of Ms. Ardisana as an independent member, the Board of Directors will consist of nine members, eight of whom are independent members. Ms. Ardisana was appointed by the Board to serve as a member of the Audit Committee. "We are delighted to welcome Lizabeth Ardisana
ANNAPOLIS, Md.--(BUSINESS WIRE)--Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong") (NYSE: HASI), a leading investor in climate solutions, today announced the appointment of Clarence D. "Clay" Armbrister and Nancy C. Floyd to its Board of Directors, effective March 1, 2021. With the addition of Mr. Armbrister and Ms. Floyd as independent members, the Board of Directors will consist of nine members, eight of whom are independent members. "We are delighted to welcome Clay and Nancy to the Board of Directors, both of whom bring tremendous experience and a wealth of knowledge to our company," said Jeffrey W. Eckel, Hannon Armstrong chairman and chief execut
ANNAPOLIS, Md.--(BUSINESS WIRE)--Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong" or the "Company") (NYSE: HASI), a leading investor in climate solutions, today announced the promotions of Jeffrey A. Lipson, Susan D. Nickey, Marc T. Pangburn, Steven L. Chuslo, Charles W. Melko, and Richard R. Santoroski, effective immediately. Additionally, the Company announced that J. Brendan Herron will be transitioning to a strategic advisory role starting in April 2021. "Hannon Armstrong has committed to building a world-class leadership team to serve our clients and deliver on our climate-positive investing vision," said Jeffrey W. Eckel, Hannon Armstrong chairman
The debt warehouse facility and structured equity investment will support construction of 300 Megawatts of U.S. community solar projects and is Pivot's largest financing agreement to date DENVER, Nov. 21, 2024 /PRNewswire/ -- Pivot Energy ("Pivot"), a leading, national renewable energy provider and independent power producer, announced today two transformational financing arrangements, marking a critical step toward establishing innovative and scalable financing facilities. Pivot has successfully secured a $450 million debt warehouse facility, led by long-time partner, First Citizens Bank, which includes new strategic partner ATLAS SP Partners ("ATLAS"), the warehouse finance and securitized
HA Sustainable Infrastructure Capital, Inc. ("HASI," "we," "our" or the "Company") (NYSE:HASI), a leading investor in climate solutions, today reported results for the third quarter of 2024. Key Highlights Closed transactions with multiple new clients over the last few months, including Lightsource bp and Vision RNG. Funded additional investments for CCH1 with partnership progressing as expected. Managed assets increased 14% year-over-year to $13.1 billion and our Portfolio grew 15% year-over-year to $6.3 billion. Transactions totaled $396 million in the third quarter of 2024 and $1.2 billion through the first three quarters of 2024. Yields on new portfolio investments through th
HA Sustainable Infrastructure Capital, Inc. ("HASI," or the "Company") (NYSE:HASI), a leading investor in climate solutions, today announced that the Company will release its third quarter 2024 results after market close on Thursday, November 7, 2024, to be followed by a conference call at 5:00 p.m. (Eastern Time). The conference call can be accessed live over the phone by dialing 1-877-407-0890 (Toll-Free) or +1-201-389-0918 (toll). Participants should inform the operator you want to be joined to the "HASI Third Quarter 2024 Results" call. The conference call will also be accessible as an audio webcast with slides on our website. A replay after the event will be accessible as on-demand we
Significant funding to support ongoing construction on Vision RNG and WIN Waste Innovations' Seneca and Tunnel Hill LFG-to-RNG projects Vision RNG (VRNG), a leader in renewable natural gas (RNG) production, has closed on an aggregate $207 million in project financing with HASI, a leading investor in climate solutions. This landmark funding will be instrumental in accelerating Vision RNG's growth strategy which will result in advancing sustainable energy solutions and reducing carbon emissions. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241016833223/en/ The financing package includes both a $130 million construction facility
Furthers Growth of Marathon Capital's Equity Capital Markets Offering Marathon Capital, a leading financial advisory and investment banking firm to the clean economy, has announced that James Fitzgerald has joined the firm as Head of Institutional Sales. Based in New York, Mr. Fitzgerald will be responsible for leading the continued rollout of Marathon Capital's Equity Research and Equity Capital Markets ("ECM") products. Mr. Fitzgerald was most recently Executive Director, Institutional Equity Sales at Tudor, Pickering, Holt & Co (the energy business of Perella Weinberg Partners), where he provided coverage and long-term relationship management of hedge fund, long only, family office, an
HA Sustainable Infrastructure Capital, Inc. ("HASI," "we," "our" or the "Company") (NYSE:HASI), a leading investor in climate solutions, today reported results for the second quarter of 2024. Key Highlights New strategic partnership launched with KKR targeting co-investment of $2 billion over 18 months in sustainable infrastructure projects. Second investment grade rating enabled our first investment grade bond issuance—$700 million of senior secured notes due 2034 with a coupon of 6.375%. Managed assets increased 21% year-over-year to $13.0 billion and our Portfolio grew 27% year-over-year to $6.2 billion. Closed transactions of $260 million in the second quarter of 2024 and
HA Sustainable Infrastructure Capital, Inc. ("HASI," or the "Company") (NYSE:HASI), a leading investor in climate solutions, today announced that the Company will release its second quarter 2024 results after market close on Thursday, August 1, 2024, to be followed by a conference call at 5:00 p.m. (Eastern Time). The conference call can be accessed live over the phone by dialing 1-877-407-0890 (Toll-Free) or +1-201-389-0918 (toll). Participants should inform the operator you want to be joined to the HASI call. The conference call will also be accessible as an audio webcast with slides on our website. A replay after the event will be accessible as on-demand webcast on our website. Inter
Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("HASI," "our," or the "Company") (NYSE:HASI), a leading investor in climate solutions, today announced that it has priced its private offering of $700 million in aggregate principal amount of 6.375% green senior unsecured notes due 2034 (the "Notes"). At issuance, the Notes will be guaranteed by Hannon Armstrong Sustainable Infrastructure, L.P., Hannon Armstrong Capital, LLC, HAT Holdings I LLC, HAT Holdings II LLC, HAC Holdings I LLC and HAC Holdings II LLC. The settlement of the Notes is expected to occur on July 1, 2024, subject to customary closing conditions. The Notes will have certain registration rights. The Company estima
Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("HASI," "we," "our" or the "Company") (NYSE:HASI), a leading investor in climate solutions, today announced it secured an investment grade rating of BBB- from Fitch Ratings ("Fitch"), a globally recognized leader in credit ratings and research. This marks HASI's second investment grade rating from a major credit rating agency. The Company has maintained an investment grade credit rating of Baa3 from Moody's Investors Service since June 2022. In its report, Fitch stated that HASI's upgrade reflects the Company's enhanced business profile, improved funding flexibility, continued strong asset quality, solid operating performance, and
Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("HASI," "we," "our" or the "Company") (NYSE:HASI), a leading investor in climate solutions, today reported results for the first quarter of 2024. Business Highlights Announced CarbonCount Holdings 1 LLC, a strategic partnership with KKR, to invest in $2 billion of sustainable infrastructure assets in a concurrent press release Increased the capacity and extended the maturities of our revolving line of credit and commercial paper programs Increased pipeline to over $5.5 billion Financial Results Delivered $0.98 GAAP diluted EPS QTD compared with $0.26 a year ago Delivered $0.68 Adjusted EPS, formerly Distributable
5 analysts have shared their evaluations of HA Sustainable (NYSE:HASI) during the recent three months, expressing a mix of bullish and bearish perspectives. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 3 0 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 1 0 0 0 3M Ago 2 1 0 0 0 In the assessment of 12-month price targets, analysts unveil insights for HA Sustainable, presenting an average target of $42.6, a high estimate of $48.00, and a low estimate of $39.00. This upward tre
JP Morgan analyst Mark Strouse maintains HA Sustainable (NYSE:HASI) with a Overweight and raises the price target from $39 to $42.
As we move into the second half of 2024, the clean energy sector is ripe with opportunities despite the current volatility. According to insights from JPMorgan analyst Patrick Jones, the sector is positioned for positive surprises in the coming year. Here are three under-the-radar clean energy stocks with strong upside potential, irrespective of political changes in the White House. HASI Capital Hannon Armstrong Sustainable Infrastructure Capital Inc (NYSE:HASI) is a climate investment firm that partners with clients to deploy assets supporting the energy transition. They invest in distributed energy projects, renewable energy sources like solar and wind, and sustainable fuels and t
JP Morgan analyst Mark Strouse maintains Hannon Armstrong (NYSE:HASI) with a Overweight and raises the price target from $37 to $39.
6 analysts have shared their evaluations of Hannon Armstrong (NYSE:HASI) during the recent three months, expressing a mix of bullish and bearish perspectives. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 2 1 0 0 Last 30D 0 1 0 0 0 1M Ago 2 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 1 1 1 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $36.83, a high estimate of $48.00, and a low estimate of $28.00. This upward trend is evident, with the curre
Oppenheimer analyst Noah Kaye reiterates Hannon Armstrong (NYSE:HASI) with a Outperform and maintains $48 price target.
TD Cowen analyst Jeffrey Osborne maintains Hannon Armstrong (NYSE:HASI) with a Buy and raises the price target from $35 to $40.
Shares of Upstart Holdings, Inc. (NASDAQ:UPST) fell sharply during Wednesday's session after the company reported first-quarter financial results and issued second-quarter revenue guidance below estimates. Upstart reported first-quarter revenue of $128 million, which beat the consensus estimate of $124.867 million, according to Benzinga Pro. Upstart expects second-quarter revenue of approximately $125 million versus estimates of $140.83 million. The company anticipates a second-quarter adjusted EBITDA loss of approximately $25 million. Upstart shares dipped 10.3% to $21.96 on Wednesday. Here are some other stocks moving in today’s mid-day session. Gainers Reborn Coffee, In
Jefferies initiated coverage of Hannon Armstrong Sust. Infr. with a rating of Buy and set a new price target of $39.00
RBC Capital Mkts initiated coverage of Hannon Armstrong Sust. Infr. with a rating of Outperform and set a new price target of $41.00
Goldman initiated coverage of Hannon Armstrong Sust. Infr. with a rating of Neutral and set a new price target of $26.00
Mizuho initiated coverage of Hannon Armstrong Sust. Infr. with a rating of Buy and set a new price target of $30.00
Exane BNP Paribas initiated coverage of Hannon Armstrong Sust. Infr. with a rating of Outperform and set a new price target of $29.00
Morgan Stanley upgraded Hannon Armstrong Sust. Infr. from Equal-Weight to Overweight and set a new price target of $23.00
Citigroup initiated coverage of Hannon Armstrong Sust. Infr. with a rating of Neutral and set a new price target of $24.00
BofA Securities upgraded Hannon Armstrong Sust. Infr. from Neutral to Buy and set a new price target of $27.00
BofA Securities upgraded Hannon Armstrong Sust. Infr. from Underperform to Neutral and set a new price target of $34.00 from $39.00 previously
UBS upgraded Hannon Armstrong from Neutral to Buy and set a new price target of $50.00 from $60.00 previously