Raymond James Maintains Outperform on Excelerate Energy, Lowers Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Justin Jenkins has maintained an Outperform rating on Excelerate Energy (NYSE:EE) but has reduced the price target from $26 to $24.
January 19, 2024 | 9:35 am
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Excelerate Energy's Outperform rating is maintained by Raymond James, but the price target is lowered from $26 to $24.
The reduction in price target by Raymond James could lead to a negative perception among investors, potentially causing a short-term dip in Excelerate Energy's stock price. However, the maintenance of the Outperform rating suggests a continued positive outlook on the company's performance, which might mitigate the negative impact.
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IMPORTANCE 75
RELEVANCE 100