UBS downgraded Atlantica Sustainable Infrastructure to Neutral from Buy with a price target of $22, down from $25, after the company entered into an agreement to be acquired by Energy Capital Partners for $22 per share in cash. The analyst expects the stock to be relatively range bound until transaction close.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AY:
- Atlantica Sustainable Infrastructure downgraded to Sector Perform at RBC Capital
- M&A News: Atlantica Sustainable Is Being Acquired by ECP in a $2.55B Deal
- Atlantica Inks Major Deal with California Buyer Limited
- Atlantica Sustainable Infrastructure to be acquired by Energy Capital Partners
- Algonquin Power & Utilities Corp. Announces Its Support for Energy Capital Partners’ Proposed Acquisition of Atlantica