Xcel Energy price target raised to $75 from $72 at Wells Fargo

Wells Fargo analyst Neil Kalton raised the firm’s price target on Xcel Energy (XEL) to $75 from $72 and keeps an Overweight rating on the shares. The firm says that while 2024 results were modestly disappointing, management expressed confidence in the midpoint of 2025 guidance and the longer-term EPS outlook remains robust.