Xcel Energy price target raised to $57 from $56 at Barclays

Barclays analyst Nicholas Campanella raised the firm’s price target on Xcel Energy to $57 from $56 and keeps an Overweight rating on the shares post the Q1 report. The analyst sees Xcel’s long-term fundamentals intact, with management focused on wildfire risk reduction. The firm says the company’s earnings is still executable at 5%-7% growth.