Deutsche Bank lowered the firm’s price target on New Fortress Energy (NFE) to $8 from $11 and keeps a Hold rating on the shares. The company published its annual report which included “going concern” language related to its current liquidity and cash flows position, the analyst tells investors in a research note. The firm believes New Fortress will essentially run out of cash in the coming quarters unless it is able to conduct significant asset sales and seek additional refinancing.
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