Morgan Stanley Maintains Equal-Weight on Xcel Energy, Lowers Price Target to $58
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Byrd has maintained an Equal-Weight rating on Xcel Energy (NASDAQ:XEL) and lowered the price target from $61 to $58.
October 25, 2023 | 1:06 pm
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Morgan Stanley has maintained an Equal-Weight rating on Xcel Energy and lowered the price target from $61 to $58.
The lowering of the price target by Morgan Stanley could potentially lead to a decrease in the stock price of Xcel Energy in the short term as it indicates a lower expected future value of the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100