CIBC analyst Mark Jarvi last night downgraded NextEra Energy Partners to Neutral from Outperformer with a price target of $35, up from $33. The stock has rallied 20% in recent weeks and the market has gotten more comfortable with the company’s outlook. the analyst tells investors in a research note. The firm still see risks around NextEra Energy Partners’ future growth funding and does not think the risk-reward opportunity is compelling at these levels.
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