New Fortress Energy price target raised to $49 from $43 at Stifel

Stifel analyst Benjamin Nolan raised the firm’s price target on New Fortress Energy to $49 from $43 and keeps a Buy rating on the shares after having hosted a fireside chat with members of the C-suite, led by founder Wes Edens. Following the conversation, the firm is "much more confident" in the pace and timing of new project development and the company’s capacity to self fund growth, the analyst tells investors.