New Fortress Energy Places Terminal Gas Sul LNG Terminal in Santa Catarina, Brazil into Operation
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Deutsche Bank Downgrades New Fortress Energy (NFE) to Hold
March 4, 2024 6:57 AM ESTDeutsche Bank analyst Chris Robertson downgraded New Fortress Energy (NASDAQ: NFE) from Buy to Hold with a price target of $35.00 (from $40.00).
The analyst comments "Yesterday, New Fortress Energy reported an adj. 4Q23 EBITDA of $388 MM and lowered its FY24 adj. EBITDA guide from $2.4 Bn to $2.0 Bn. On an apples-to-apples basis, the guide was lowered from $2.3 Bn to... More
