Xcel Energy upgraded to Buy from Hold at Jefferies
The Fly

Xcel Energy upgraded to Buy from Hold at Jefferies

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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