Excelerate Energy price target raised to $20 from $19 at Wells Fargo

Wells Fargo analyst Michael Blum raised the firm’s price target on Excelerate Energy to $20 from $19. Excelerate Energy’s Q2 results beat estimates and the company raised its full year EBITDA guidance while disclosing two new LNG import terminal projects under evaluation in Vietnam and Alaska. Wells keeps an Equal Weight rating on the shares primarily due to limited capital return.