Wells Fargo Maintains Overweight on Excelerate Energy, Raises Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Blum has maintained an Overweight rating on Excelerate Energy (NYSE:EE) and increased the price target from $18 to $20.
November 16, 2023 | 1:56 pm
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POSITIVE IMPACT
Wells Fargo analyst Michael Blum has reaffirmed Excelerate Energy's Overweight rating and raised the price target to $20, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Michael Blum suggests a strong conviction in the company's future performance. This typically instills confidence in current and potential investors, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100