Excelerate Energy price target raised to $40 from $37 at Jefferies

Jefferies raised the firm’s price target on Excelerate Energy (EE) to $40 from $37 and keeps a Buy rating on the shares. The firm expects Excelerate to report Q4 EBITDA of $125M, beating consensus of about $112M, due to Shenandoah delivering a cargo into Boston during the quarter, the analyst tells investors in a preview. The firm views Excelerate’s stable contracted cash flows with low commodity risk, along with exposure to long-term LNG adoption tailwinds, positively, the analyst added.