Morgan Stanley Downgrades New Fortress Energy to Equal-Weight, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has downgraded New Fortress Energy (NFE) from Overweight to Equal-Weight and reduced its price target from $35 to $15.
October 03, 2024 | 11:58 am
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NEGATIVE IMPACT
Morgan Stanley has downgraded New Fortress Energy from Overweight to Equal-Weight, significantly lowering the price target from $35 to $15.
The downgrade from Overweight to Equal-Weight by a major financial institution like Morgan Stanley, along with a substantial reduction in the price target, is likely to negatively impact investor sentiment and the short-term stock price of New Fortress Energy.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100