Stifel Maintains Buy on New Fortress Energy, Lowers Price Target to $43
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Benjamin Nolan maintains a Buy rating on New Fortress Energy (NFE) but lowers the price target from $45 to $43.
May 09, 2024 | 2:04 pm
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NEUTRAL IMPACT
Stifel maintains a Buy rating on New Fortress Energy but lowers the price target from $45 to $43.
The adjustment in price target by Stifel reflects a nuanced view on NFE's valuation, suggesting a slightly reduced but still positive outlook. While the Buy rating indicates continued confidence in the company's fundamentals, the lowered price target may temper short-term expectations among investors. The impact on the stock price could be neutral in the short term as the positive sentiment from maintaining a Buy rating could offset the negative sentiment from the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100