Barclays analyst Marc Solecitto lowered the firm’s price target on New Fortress Energy to $44 from $53 and keeps an Equal Weight rating on the shares. The shares could offer compelling upside if the company executes on its long-term strategy, but the stock’s valuation looks close to fair on a risk-adjusted basis at this juncture, the analyst tells investors in a research note.
Published first on TheFly
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