Northland trims Excelerate Energy price target, sees good entry point

Northland lowered the firm’s price target on Excelerate Energy (EE) to $43 from $45 and keeps an Outperform rating on the shares citing a lowered multiple following the company’s “stellar” Q2 report. While “perplexed” by the post-print trading, the firm sees the pullback as one that offers the best entry point for long-term investors since shares were below $20 last fall in what it calls “still the best bet on LNG.”