Morgan Stanley Maintains Overweight on New Fortress Energy, Lowers Price Target to $48
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Devin McDermott has maintained an Overweight rating on New Fortress Energy (NASDAQ:NFE) but lowered the price target from $50 to $48.

July 25, 2023 | 12:41 pm
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Morgan Stanley has maintained an Overweight rating on New Fortress Energy but lowered the price target from $50 to $48.
The news is directly about New Fortress Energy. While the Overweight rating is maintained, the lowering of the price target might indicate a slightly less optimistic outlook. However, the impact on the stock price is uncertain in the short term as it depends on how investors interpret this change.
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