UBS analyst William Appicelli upgraded Xcel Energy (XEL) to Buy from Neutral with a price target of $89, up from $81. The firm sees a favorable risk/reward at current share levels. The stock is trading at a 4% to the utility group despite Xcel’s full regulated 9% earnings growth rate and increasing data center load growth trends, the analyst tells investors in a research note. UBS believes this is not priced into the shares at current levels.
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