BofA analyst Julien Dumoulin-Smith lowered the firm’s price target on NextEra Energy Partners to $30 from $60 and keeps a Neutral rating on the shares. The firm cut its price target by 50% to reflect the more challenging outlook, but reiterates a Neutral rating as it sees a balanced risk/reward given it believes the weaker outlook is priced in after the stock’s underperformance.
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