Morgan Stanley Maintains Overweight on New Fortress Energy, Lowers Price Target to $44
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 $48 to $44.

August 09, 2023 | 1:49 pm
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Morgan Stanley has maintained an Overweight rating on New Fortress Energy but lowered the price target from $48 to $44.
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 news.
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IMPORTANCE 80
RELEVANCE 100