New Fortress Energy price target lowered to $19 from $23 at Stifel
Stifel lowered the firm’s price target on New Fortress Energy (NFE) to $19 from $23 and keeps a Buy rating on the shares. The firm lowered 2025 estimates as management reduced guidance, though it believes the equity should be de-risked, providing significant upside as catalysts materialize over the coming months. However, admittedly, there is “material execution risk,” the analyst added.