Barclays says Xcel Energy’s (XEL) $640M settlement of the Marshall wildfire ahead of the key trials compares to its estimate of $1B. The news is a positive development and addresses a significant overhang on the stock, the analyst tells investors in a research note. The firm now sees a path to Xcel Energy shares getting back a premium valuation multiple. It keeps an Overweight rating on the name with a $72 price target
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Read More on XEL:
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