Deutsche Bank Maintains Hold on New Fortress Energy, Lowers Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Chris Robertson maintains a Hold rating on New Fortress Energy (NFE) and lowers the price target from $35 to $33.
May 09, 2024 | 4:12 pm
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NEUTRAL IMPACT
Deutsche Bank maintains a Hold rating on New Fortress Energy and lowers the price target from $35 to $33.
The adjustment in price target by a major bank like Deutsche Bank reflects a nuanced view on NFE's valuation, but the maintenance of a Hold rating suggests no significant change in the company's fundamentals or outlook. This could lead to a neutral short-term impact on the stock as investors digest the implications of a slightly lower valuation target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100