Wells Fargo Downgrades Excelerate Energy to Underweight, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Blum has downgraded Excelerate Energy from Equal-Weight to Underweight and reduced the price target from $20 to $19.
August 30, 2024 | 1:38 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Wells Fargo has downgraded Excelerate Energy to Underweight and reduced its price target to $19, indicating a bearish outlook.
The downgrade from Equal-Weight to Underweight by a major financial institution like Wells Fargo suggests a negative outlook on Excelerate Energy's stock. The reduction in the price target further supports this bearish sentiment, likely leading to a short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100