Morgan Stanley Reiterates Overweight on New Fortress Energy, Maintains $48 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Devin McDermott has reiterated an Overweight rating on New Fortress Energy (NASDAQ:NFE) and maintained a $48 price target.
July 27, 2023 | 4:45 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Morgan Stanley has reiterated an Overweight rating on New Fortress Energy and maintained a $48 price target.
The reiteration of an Overweight rating by Morgan Stanley indicates a positive outlook for New Fortress Energy. The maintained price target of $48 suggests that the analyst believes the stock has potential for growth. This could lead to increased investor confidence and potentially a rise in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100