** Morgan Stanley cuts PT for global energy infrastructure company New Fortress Energy NFE.O to $4 from $13; still a 43.8% upside to stock's last close
** NFE shares up marginally in premarket trading
** "After pre-selling LNG under its Cheniere supply contract in 4Q24, NFE will likely need to continue to source gas in the spot market over the remainder of this year and in 2026 (at higher costs) to fulfill its downstream gas supply obligations" - Morgan Stanley
** Brokerage sees risks to the company's financial position and a high interest burden
** 3 of 6 brokerages rate the stock "buy" or higher and 3 "hold"; median PT is $8 - data compiled by LSEG
** As of last close, stock down 81.6% YTD
(Reporting by Sumit Saha in Bengaluru)
((Sumit.Saha@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.