Stifel Maintains Buy Rating for New Fortress Energy: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Stifel has maintained its Buy rating for New Fortress Energy (NASDAQ:NFE) but lowered its price target from $44.00 to $40.00. The current share price is $32.80, and a move to $40.00 would represent a 21.95% increase.
September 29, 2023 | 5:00 pm
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Stifel has maintained its Buy rating for New Fortress Energy but lowered its price target. This could potentially lead to an increase in the stock's price.
Analyst ratings can significantly influence investor sentiment and stock prices. Stifel's decision to maintain a Buy rating for NFE indicates a positive outlook for the company, which could encourage investors to buy the stock and drive up its price. However, the lowering of the price target might indicate a slightly less optimistic view of the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100