Wells Fargo analyst Neil Kalton lowered the firm’s price target on XPLR Infrastructure (NEP) to $13 from $33 and keeps an Equal Weight rating on the shares. The firm notes the company suspended the dividend and formalized the shift to a traditional IPP structure. Wells thinks the transformation makes sense, but it may take a while for the SH base to turnover.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NEP: