B of A Securities Downgrades Xcel Energy to Neutral, Lowers Price Target to $60
Portfolio Pulse from richadhand@benzinga.com
B of A Securities analyst Julien Dumoulin-Smith has downgraded Xcel Energy (NASDAQ:XEL) from Buy to Neutral and lowered the price target from $72 to $60.
August 22, 2023 | 10:45 am
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NEGATIVE IMPACT
Xcel Energy has been downgraded from Buy to Neutral by B of A Securities, with a lowered price target of $60.
The downgrade from Buy to Neutral by B of A Securities indicates a less optimistic outlook for Xcel Energy. The lowered price target from $72 to $60 suggests that the analyst believes the stock is currently overvalued. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100