Xcel Energy price target raised to $74 from $69 at KeyBanc

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.