New Fortress Energy price target lowered to $43 from $48 at Citi

Citi lowered the firm’s price target on New Fortress Energy to $43 from $48 and keeps a Buy rating on the shares. In the near term, New Fortress will likely move on projects actually coming online and global gas pricing, but the long-term investor opportunity is to de-risk its asset portfolio and the stock to permanently rerate higher, the analyst tells investors in a research note.