Keybanc Maintains Overweight on Xcel Energy, Lowers Price Target to $71
Portfolio Pulse from richadhand@benzinga.com
Keybanc analyst Sophie Karp has maintained an Overweight rating on Xcel Energy (NASDAQ:XEL) but lowered the price target from $75 to $71.
July 19, 2023 | 8:32 am
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Xcel Energy's price target has been lowered from $75 to $71 by Keybanc, though the Overweight rating is maintained.
The news is directly about Xcel Energy. The lowering of the price target might have a negative impact on the stock's price in the short term. However, the maintained Overweight rating indicates that the analyst still sees the stock as a good investment, which could offset the negative impact of the lowered price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100