Xcel Energy price target raised to $73 from $69 at BMO Capital

BMO Capital raised the firm’s price target on Xcel Energy (XEL) to $73 from $69 and keeps a Market Perform rating on the shares. BMO expects Q1 earnings per share results to be in line with consensus at 91c, up 4% year over year, the analyst tells investors in a research note. Focus is expected to surround management’s commentary around the potential impact of the loss of transferability in an Inflation Reduction Act-repeal scenario, tariffs, any updates on ongoing wildfire litigation including any changes in the prospects for settlement, and the status of wildfire related legislation, the firm says.