New Fortress Energy price target lowered to $14 from $15 at Morgan Stanley

Morgan Stanley analyst Devin McDermott lowered the firm’s price target on New Fortress Energy (NFE) to $14 from $15 and keeps an Equal Weight rating on the shares. New Fortress reported Q4 EBITDA above guidance, but management also trimmed 2025 guidance to $1B, a slight decline from $1.3B, though this now excludes FEMA payment in the guidance, the analyst tells investors in a post-earnings note.