Xcel Energy price target lowered to $65 from $68 at KeyBanc

KeyBanc analyst Sophie Karp lowered the firm’s price target on Xcel Energy to $65 from $68 and keeps an Overweight rating on the shares. KeyBanc expects Xcel Energy to report a relatively in line quarter, with the commentary centering on the financial impacts of the Texas panhandle wildfire. The firm believes that the sell-off in the shares is overdone relative to the potential Texas liability and that the shares present a rare attractive entry point with a slight discount to peers, the analyst tells investors in a research note.