BofA analyst Julien Dumoulin-Smith lowered the firm’s price target on NextEra Energy Partners to $59 from $70 and keeps an Underperform rating on the shares. The firm’s estimates have moved "slightly" higher as it factors in the recent acquisition of 1,080MW of wind and solar assets, but its lower target follow its latest model refresh, mark-to-market and a lower premium given capital market uncertainty.
Published first on TheFly
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