BMO Capital Maintains Outperform on NextEra Energy Partners, Lowers Price Target to $47
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst James Thalacker has maintained an 'Outperform' rating on NextEra Energy Partners (NEP) but lowered the price target from $76 to $47.
September 28, 2023 | 12:33 pm
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NextEra Energy Partners' price target has been lowered from $76 to $47 by BMO Capital, though the 'Outperform' rating is maintained.
The lowering of the price target by BMO Capital indicates a potential decrease in the stock's value in the short term. However, the maintained 'Outperform' rating suggests that the stock is still expected to outperform the market or its sector, which could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100