Stifel Maintains Buy on New Fortress Energy, Lowers Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Benjamin Nolan maintains a Buy rating on New Fortress Energy (NFE) but lowers the price target from $49 to $45.

March 01, 2024 | 2:02 pm
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Stifel maintains a Buy rating on New Fortress Energy but lowers the price target from $49 to $45.
While the reduction in price target could suggest a more conservative outlook on NFE's future price performance, the maintenance of a Buy rating indicates continued confidence in the company's fundamentals and growth prospects. This mixed signal might lead to a neutral short-term impact on NFE's stock price as investors weigh the lowered price target against the reaffirmed positive rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100