New Fortress Energy Reaches Analyst Target Price
November 17, 2020 at 08:43 AM EST
In recent trading, shares of New Fortress Energy Inc (NFE) have crossed above the average analyst 12-month target price of $36.00, changing hands for $37.30/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..