Barclays Starts New Fortress Energy (NFE) at Equalweight
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Price: $0.28 -6.67%
Rating Summary:
10 Buy, 6 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
10 Buy, 6 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Barclays analyst Christine Cho initiates coverage on New Fortress Energy (NASDAQ: NFE) with a Equalweight rating and a price target of $16.00.
The analyst says that while the equity offers compelling upside it is better await a better entry point as the risk profile for the business is relative high (given unsecured "highly likely" contracts and construction execution risks still on the horizon).
For an analyst ratings summary and ratings history on New Fortress Energy click here. For more ratings news on New Fortress Energy click here.
Shares of New Fortress Energy closed at $14.00 yesterday.
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