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Fly News Breaks for June 14, 2018
HASI
Jun 14, 2018 | 06:49 EDT
JPMorgan analyst Mark Strouse initiated coverage of Hannon Armstrong with an Overweight rating and $23 price target. The shares, after dropping 24% year-to-date on fears regarding a potential flat/inverted yield curve, offer a "compelling opportunity" for long-term investors, Strouse tells investors in a research note. He believes rising interest rates should provide more upside opportunities than downside risks from current levels and that Hannon should appeal to yield and environmental, social and corporate governance investors.
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