Xcel Energy price target raised to $82 from $79 at UBS

UBS analyst William Appicelli raised the firm’s price target on Xcel Energy (XEL) to $82 from $79 and keeps a Neutral rating on the shares. The company’s settlement to resolve all Marshall fire litigation for $290M net of insurance is favorable relative to what was priced into the shares, the analyst tells investors in a research note. The firm says the news “enables investors to focus on the strong underlying fundamentals for the stock.”