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.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NEP: