BMO Capital Maintains Market Perform on Xcel Energy, Lowers Price Target to $62
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst James Thalacker has maintained a 'Market Perform' rating on Xcel Energy (NASDAQ:XEL) but lowered the price target from $66 to $62.
September 20, 2023 | 2:07 pm
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NEGATIVE IMPACT
Xcel Energy's price target has been lowered from $66 to $62 by BMO Capital, though the 'Market Perform' rating is maintained.
The lowering of the price target by BMO Capital indicates a potential decrease in the stock's value in the short term. However, the maintenance of the 'Market Perform' rating suggests that the stock is expected to perform in line with the market, which may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100