Xcel Energy price target lowered to $92 from $93 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on Xcel Energy (XEL) to $92 from $93 and keeps an Equal Weight rating on the shares. The firm is updating the price targets for Regulated & Diversified Utilities / IPPs in North America under its coverage, the analyst tells investors. In March, utilities outperformed the S&P’s return.