B of A Securities Downgrades New Fortress Energy to Neutral, Lowers Price Target to $31
Portfolio Pulse from richadhand@benzinga.com
B of A Securities analyst Cameron Lochridge downgraded New Fortress Energy (NASDAQ:NFE) from Buy to Neutral and lowered the price target from $59 to $31.
June 08, 2023 | 12:36 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
New Fortress Energy (NASDAQ:NFE) was downgraded from Buy to Neutral by B of A Securities, with a reduced price target of $31.
The downgrade from Buy to Neutral and the significant reduction in price target from $59 to $31 by B of A Securities analyst Cameron Lochridge indicate a less optimistic outlook for New Fortress Energy. This could lead to a short-term negative impact on the stock price as investors may reevaluate their positions based on the new rating and price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100