XPLR Infrastructure price target raised to $16 from $13 at Jefferies

Jefferies raised the firm’s price target on XPLR Infrastructure (XIFR) to $16 from $13 and keeps a Buy rating on the shares. The firm is more confident that the company will be able to re-contract existing assets at a premium as current power purchase agreements expire. It is “increasingly bullish” on all power assets, including incumbent renewables like the XPLR portfolio.