JP Morgan Maintains Overweight on NextEra Energy, Lowers Price Target to $80
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Christopher Turnure has maintained an 'Overweight' rating on NextEra Energy (NYSE:NEE) but lowered the price target from $85 to $80.
August 30, 2023 | 1:00 pm
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JP Morgan has maintained an 'Overweight' rating on NextEra Energy but lowered the price target from $85 to $80.
The news is directly related to NextEra Energy as JP Morgan has maintained an 'Overweight' rating on the company but lowered the price target. This could indicate that while the company is expected to outperform the market, the potential upside might be lower than previously expected. This could have a neutral impact on the stock price in the short term as the positive 'Overweight' rating is balanced by the lower price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100