BTIG Maintains Buy on New Fortress Energy, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
BTIG analyst Gregory Lewis maintains a Buy rating on New Fortress Energy (NASDAQ:NFE) but lowers the price target from $35 to $15.

September 13, 2024 | 11:50 am
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BTIG analyst Gregory Lewis maintains a Buy rating on New Fortress Energy but significantly lowers the price target from $35 to $15, indicating a more cautious outlook.
The significant reduction in the price target from $35 to $15 suggests a more cautious outlook on New Fortress Energy's future performance, which could lead to a negative short-term impact on the stock price despite the maintained Buy rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100