NextEra Energy Partners shares are trading lower following downgrades. Oppenheimer downgraded the stock from Outperform to Perform and JP Morgan downgraded the stock from Overweight to Neutral and lowered its price target from $69 to $40.
Portfolio Pulse from Benzinga Newsdesk
NextEra Energy Partners' shares are trading lower after receiving downgrades from Oppenheimer and JP Morgan. Oppenheimer downgraded the stock from Outperform to Perform, while JP Morgan downgraded it from Overweight to Neutral and lowered its price target from $69 to $40.
September 28, 2023 | 2:19 pm
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NextEra Energy Partners' stock has been downgraded by Oppenheimer and JP Morgan, leading to a decrease in its share price. JP Morgan also lowered its price target from $69 to $40.
The downgrades from Oppenheimer and JP Morgan are a negative signal to the market, indicating a less optimistic outlook for the company's performance. This has led to a decrease in the share price. Additionally, JP Morgan's reduction of its price target from $69 to $40 suggests a significant decrease in expected value, which could further discourage investment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100