RBC Capital Downgrades NextEra Energy Partners to Sector Perform, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
RBC Capital has downgraded NextEra Energy Partners (NYSE:NEP) from Outperform to Sector Perform and lowered the price target from $38 to $30.
July 01, 2024 | 9:58 am
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RBC Capital has downgraded NextEra Energy Partners (NYSE:NEP) from Outperform to Sector Perform and lowered the price target from $38 to $30.
The downgrade from Outperform to Sector Perform and the reduction in the price target from $38 to $30 by RBC Capital is likely to negatively impact NEP's stock price in the short term. Downgrades and lower price targets generally signal reduced confidence in the company's near-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100