Excelerate Energy price target raised to $31 from $26 at Barclays

Barclays raised the firm’s price target on Excelerate Energy (EE) to $31 from $26 and keeps an Overweight rating on the shares. With the stability of its base business underpinned by long-term contracts, Excelerate “has a steady foundation on which it can build,” the analyst tells investors in a research note. The firm says that as the company looks to emerging markets for future growth, wit awaits developments on its infrastructure investment opportunities.