Citigroup Maintains Buy on New Fortress Energy, Lowers Price Target to $43
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Ryan Levine has maintained a 'Buy' rating on New Fortress Energy (NASDAQ:NFE) but lowered the price target from $48 to $43.
September 14, 2023 | 2:32 pm
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Citigroup has maintained a 'Buy' rating on New Fortress Energy but lowered the price target from $48 to $43.
While the 'Buy' rating is maintained, the lowering of the price target could indicate a potential decrease in the expected future value of the stock. However, the impact on the stock price in the short term is uncertain as the 'Buy' rating still indicates a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100