Wells Fargo Downgrades Excelerate Energy to Equal-Weight, Announces $18 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Blum has downgraded Excelerate Energy (NYSE:EE) from Overweight to Equal-Weight and set a price target of $18.
December 14, 2023 | 12:02 pm
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NEGATIVE IMPACT
Excelerate Energy's stock rating has been downgraded by Wells Fargo from Overweight to Equal-Weight, with a price target of $18.
Downgrades by analysts can lead to a negative perception among investors and potentially cause a short-term decline in the stock's price. The new price target of $18 may also influence market expectations and trading behavior.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100