Morgan Stanley Downgrades NextEra Energy Partners to Underweight, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has downgraded NextEra Energy Partners (NYSE:NEP) from Equal-Weight to Underweight and lowered the price target from $31 to $20.
July 31, 2024 | 9:34 am
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Morgan Stanley analyst Stephen Byrd has downgraded NextEra Energy Partners (NYSE:NEP) from Equal-Weight to Underweight and reduced the price target from $31 to $20.
The downgrade from Equal-Weight to Underweight and the significant reduction in the price target from $31 to $20 by a major financial institution like Morgan Stanley is likely to negatively impact investor sentiment and the stock price of NextEra Energy Partners in the short term.
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IMPORTANCE 90
RELEVANCE 100