Stifel Maintains Buy on New Fortress Energy, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Benjamin Nolan maintains a Buy rating on New Fortress Energy (NASDAQ:NFE) but lowers the price target from $40 to $17.
August 12, 2024 | 12:19 pm
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Stifel analyst Benjamin Nolan maintains a Buy rating on New Fortress Energy (NFE) but significantly lowers the price target from $40 to $17.
The significant reduction in the price target from $40 to $17 suggests a more cautious outlook on New Fortress Energy's future performance, which could lead to short-term downward pressure on the stock price despite the maintained Buy rating.
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