BMO Capital Maintains Market Perform on Xcel Energy, Raises Price Target to $59
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst James Thalacker has maintained a 'Market Perform' rating on Xcel Energy (NASDAQ:XEL) and raised the price target from $58 to $59.
October 30, 2023 | 2:34 pm
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Xcel Energy's price target has been raised from $58 to $59 by BMO Capital, maintaining a 'Market Perform' rating.
The news directly pertains to Xcel Energy as BMO Capital has raised its price target for the company. This could potentially lead to an increase in the stock's price in the short term as it indicates a positive outlook from the analyst. The 'Market Perform' rating suggests that the analyst expects the stock to perform in line with the market, neither outperforming nor underperforming significantly.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100