** 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;))