CIBC Downgrades NextEra Energy Partners to Neutral, Announces $35 Price Target
Portfolio Pulse from Benzinga Newsdesk
CIBC analyst Mark Jarvi has downgraded NextEra Energy Partners (NEP) from Outperformer to Neutral and set a price target of $35.
January 09, 2024 | 5:00 pm
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NextEra Energy Partners downgraded by CIBC from Outperformer to Neutral with a new price target of $35.
Analyst downgrades typically lead to a negative short-term reaction in the stock price as they suggest a less favorable outlook for the company. The new price target of $35 may also influence investor expectations and trading behavior.
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