Xcel Energy price target raised to $65 from $59 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Xcel Energy to $65 from $59 and keeps an Equal Weight rating on the shares. The firm is updating some of its price targets on Regulated & Diversified Utilities, noting utilities have outperformed the S&P’s -3.89% return by approximately 642 bps, the analyst tells investors.