Xcel Energy price target raised to $74 from $70 at Mizuho

Mizuho analyst Anthony Crowdell raised the firm’s price target on Xcel Energy (XEL) to $74 from $70 and keeps an Outperform rating on the shares. The firm believes the driver for the Q1 miss is timing related to the recovery of fuel expected later this year. The quarterly miss, coupled with heightened concerns over transferability, and an increase in the low end of liability associated with the Smokehouse Creek Fire contributed to the post-earnings share underperformance, the analyst tells investors in a research note.