Guggenheim Maintains Buy on NextEra Energy Partners, Lowers Price Target to $37
Portfolio Pulse from Benzinga Newsdesk
Guggenheim analyst Shahriar Pourreza has maintained a Buy rating on NextEra Energy Partners (NEP) but reduced the price target from $42 to $37.
December 06, 2023 | 8:06 pm
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NEUTRAL IMPACT
Guggenheim maintains a Buy rating on NextEra Energy Partners but lowers the price target from $42 to $37, indicating a positive outlook with a reduced growth expectation.
While the Buy rating suggests that Guggenheim remains optimistic about NEP's future performance, the reduction in the price target may reflect a tempered growth forecast or a response to market conditions. This could lead to mixed reactions in the short term, as investors appreciate the positive rating but also consider the lowered expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100