UBS Downgrades NextEra Energy Partners to Neutral, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
UBS analyst William Grippin has downgraded NextEra Energy Partners (NEP) from Buy to Neutral and lowered the price target from $74 to $20.
October 10, 2023 | 9:39 am
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NEGATIVE IMPACT
NextEra Energy Partners has been downgraded by UBS from Buy to Neutral, with a significant reduction in price target from $74 to $20.
The downgrade from Buy to Neutral by UBS indicates a less optimistic outlook for NextEra Energy Partners. The significant reduction in price target from $74 to $20 suggests that UBS believes the stock is overvalued at its current price, which could lead to a decrease in the stock price in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100