Wells Fargo Downgrades NextEra Energy Partners to Equal-Weight, Lowers Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Neil Kalton has downgraded NextEra Energy Partners (NEP) from Overweight to Equal-Weight and lowered the price target from $80 to $33.
October 02, 2023 | 10:09 am
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NEGATIVE IMPACT
NextEra Energy Partners has been downgraded by Wells Fargo from Overweight to Equal-Weight, with a significant reduction in price target from $80 to $33.
The downgrade from Overweight to Equal-Weight by Wells Fargo indicates a less optimistic outlook for NextEra Energy Partners. The significant reduction in price target from $80 to $33 suggests that the analyst believes the stock is overvalued at its current price, which could lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100