Jefferies upgraded Xcel Energy (XEL) to Buy from Hold with a price target of $76, up from $71. The firm cites increased EPS CAGR guidance yesterday with Q3 results, strides made on wildfire mitigation and de-risking efforts in an “expedited manner,” an attractive risk-adjusted rate base CAGR, load growth acceleration and balance sheet strength.
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Read More on XEL:
- Xcel Energy price target raised to $74 from $69 at KeyBanc
- Xcel Energy Reports Strong Q3 Earnings, Plans Major Investments
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- XEL Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Xcel Energy price target raised to $67 from $57 at Barclays