Keybanc Maintains Overweight on Xcel Energy, Lowers Price Target to $62
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Sophie Karp has maintained an Overweight rating on Xcel Energy (NASDAQ:XEL) but lowered the price target from $71 to $62.
October 05, 2023 | 11:47 am
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NEGATIVE IMPACT
Xcel Energy's price target has been lowered from $71 to $62 by Keybanc, though the Overweight rating is maintained.
The lowering of the price target by Keybanc indicates a potential decrease in Xcel Energy's stock price in the short term. However, the maintained Overweight rating suggests that the stock is still expected to outperform.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100