Raymond James Maintains Outperform on Excelerate Energy, Lowers Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Justin Jenkins has maintained an 'Outperform' rating on Excelerate Energy (NYSE:EE) but lowered the price target from $27 to $25.
October 19, 2023 | 12:14 pm
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Excelerate Energy's price target has been lowered from $27 to $25 by Raymond James, though the 'Outperform' rating is maintained.
The lowering of the price target by Raymond James could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintenance of the 'Outperform' rating indicates that the analyst still sees potential upside, which could counterbalance the negative sentiment to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100