Raymond James has increased its price target for Excelerate Energy (EE, Financial) from $34 to $36, maintaining an Outperform rating on the stock. The investment firm remains optimistic about Excelerate's performance in the first quarter, despite a somewhat unstable start to the year. Analysts expect the company to end the quarter on a positive note, driven by seasonal factors.
While the broader equities market is under pressure from geopolitical factors such as tariffs and OPEC decisions, Raymond James highlights potential risks related to project cost inflation in the midstream sector. These risks, however, appear to be partially contained at present. The firm also expresses confidence in the potential for favorable outcomes in the U.S. LNG market, viewing it as an opportunity for growth and success.
