Xcel Energy price target raised to $62 from $59 at BMO Capital

BMO Capital analyst James Thalacker raised the firm’s price target on Xcel Energy to $62 from $59 and keeps a Market Perform rating on the shares. The CPUC’s verbally approved portfolio was less than the company’s preferred portfolio filed, but the firm still sees the plan as positive to both Xcel’s EPS and rate base growth, with additional upside investment opportunities likely in its other service territories, the analyst tells investors in a research note.