JP Morgan Downgrades NextEra Energy Partners to Neutral, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Christopher Turnure has downgraded NextEra Energy Partners (NEP) from Overweight to Neutral and lowered the price target from $69 to $40.
September 28, 2023 | 9:50 am
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NEGATIVE IMPACT
NextEra Energy Partners has been downgraded by JP Morgan from Overweight to Neutral, with a lowered price target of $40.
The downgrade from JP Morgan, a major financial institution, could negatively impact investor sentiment towards NextEra Energy Partners. The lowered price target suggests that the analyst sees less upside potential in the stock, which could lead to selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100