KeyBanc analyst Sophie Karp raised the firm’s price target on Xcel Energy (XEL) to $74 from $69 and keeps an Overweight rating on the shares. Shares outperformed following Q3 results, amid a constructive update on the long-term outlook, the analyst tells investors in a research note. The update validates the firm’s thesis, that Xcel presents a rare attractive entry point.
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Read More on XEL:
- Xcel Energy Reports Strong Q3 Earnings, Plans Major Investments
- Xcel Energy reports Q3 ongoing EPS $1.25, consensus $1.26
- XEL Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Xcel Energy price target raised to $67 from $57 at Barclays
- Xcel Energy price target raised to $66 from $63 at Wells Fargo