KeyBanc raised the firm’s price target on Xcel Energy (XEL) to $90 from $89 and keeps an Overweight rating on the shares. The firm notes utilities have performed well year-to-date, with the sector valuation still constructive. KeyBanc expects a relatively quiet Q1 with limited earnings surprises.
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Read More on XEL:
- Xcel Energy initiated with a Buy at Truist
- Xcel Energy price target raised to $91 from $89 at UBS
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