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The rating upgrade and target-price gap are a constructive analyst signal, though analyst views alone are not confirmation of a trend.
What happened, with direct paths to the underlying reporting
DNB Carnegie upgraded Excelerate Energy from Hold to Buy and set a $39 target versus the posted price of $33.29, implying about 17% upside.
Target: $39
Posted price: $33.29
Analyst firm: DNB Markets
Analyst: Jorgen Lian
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