Barclays Downgrades NextEra Energy Partners to Underweight, Lowers Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Betty Jiang has downgraded NextEra Energy Partners (NYSE:NEP) from Equal-Weight to Underweight and lowered the price target from $32 to $25.
June 13, 2024 | 2:53 pm
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Barclays analyst Betty Jiang downgraded NextEra Energy Partners (NYSE:NEP) from Equal-Weight to Underweight and reduced the price target from $32 to $25.
The downgrade from Equal-Weight to Underweight and the significant reduction in the price target from $32 to $25 by Barclays is likely to negatively impact NEP's stock price in the short term. Such downgrades often lead to selling pressure as investors react to the lowered expectations.
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