Wells Fargo raised the firm’s price target on Excelerate Energy (EE) to $22 from $19 and keeps an Underweight rating on the shares following a Q3 beat. The firm notes Excelerate Energy raised its 2024 EBITDA guidance.
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Read More on EE:
- Excelerate Energy price target raised to $29 from $25 at Northland
- Excelerate Energy Reports Strong Q3 2024 and Raises Guidance
- Excelerate Energy reports Q3 EPS 35c, consensus 31c
- Excelerate Energy sees FY24 adjusted EBITDTA $335M-$345M
- Excelerate Energy raises quarterly dividend 140% to 6c per share