Morgan Stanley Maintains Equal-Weight on Xcel Energy, Raises Price Target to $59
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Byrd has maintained an Equal-Weight rating on Xcel Energy (NASDAQ:XEL) and increased the price target from $58 to $59.
November 21, 2023 | 3:38 pm
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POSITIVE IMPACT
Morgan Stanley has reaffirmed its Equal-Weight rating on Xcel Energy and raised the price target to $59, indicating a stable outlook with a slight positive adjustment.
The increase in price target by Morgan Stanley suggests a modestly positive view on Xcel Energy's future performance, which could lead to a slight increase in investor confidence and potentially a small uptick in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100