Morgan Stanley Maintains Equal-Weight on Xcel Energy, Raises Price Target to $61
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Byrd has maintained an Equal-Weight rating on Xcel Energy (NASDAQ:XEL) and raised the price target from $59 to $61.
September 21, 2023 | 1:18 pm
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POSITIVE IMPACT
Morgan Stanley has maintained an Equal-Weight rating on Xcel Energy and raised the price target from $59 to $61, which could potentially influence the stock's performance.
The raised price target by Morgan Stanley indicates a positive outlook for Xcel Energy. This could potentially lead to an increase in the stock's price as it suggests that the analyst believes the stock is undervalued at its current price. However, the Equal-Weight rating suggests that the stock is expected to perform in line with the sector average, which might limit the upside potential.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100