Nextpower Shares Slip After Jefferies Lowers Price Target but Keeps Buy Rating
Nextpower Inc (NASDAQ:NXT) shares declined 4.2% on Friday after Jefferies reduced its price target to $153 from $159 while retaining a Buy rating. Jefferies analyst Julian Dumoulin-Smith cited a negative market reaction to the company's latest mergers and acquisitions and growing investor questions about strategic direction. Despite the lower price…