Barclays Maintains Equal-Weight on New Fortress Energy, Lowers Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Theresa Chen has maintained an Equal-Weight rating on New Fortress Energy (NFE) and reduced the price target from $32 to $27.

May 06, 2024 | 4:05 pm
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Barclays has maintained an Equal-Weight rating on New Fortress Energy but lowered the price target from $32 to $27.
The reduction in price target by Barclays, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in NFE's stock price. The maintenance of an Equal-Weight rating indicates that the analyst sees the company as adequately valued at its current price, but the lowered target suggests a reassessment of the company's future growth or profitability prospects.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100