NextEra Energy Partners shares are trading lower after Seaport Global downgraded the stock from Neutral to Sell and announced a $15.5 price target.
Portfolio Pulse from Benzinga Newsdesk
NextEra Energy Partners' stock has been downgraded from Neutral to Sell by Seaport Global, with a new price target of $15.5. This has resulted in the company's shares trading lower.
November 09, 2023 | 4:46 pm
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NEGATIVE IMPACT
NextEra Energy Partners' stock has been downgraded by Seaport Global, leading to a decrease in share price.
The downgrade from Seaport Global is a negative signal to investors, indicating a lack of confidence in the company's performance. This has led to a decrease in the trading price of NextEra Energy Partners' shares. The new price target of $15.5 also suggests that the stock is currently overvalued, which could lead to further selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100