Barclays Maintains Equal-Weight on Xcel Energy, Lowers Price Target to $61
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Eric Beaumont has maintained an Equal-Weight rating on Xcel Energy (NASDAQ:XEL) but reduced the price target from $62 to $61.

January 29, 2024 | 8:26 pm
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Barclays has maintained an Equal-Weight rating on Xcel Energy and lowered the price target from $62 to $61.
The adjustment in price target by Barclays is minor, suggesting a neutral outlook with no significant change in the company's valuation. The Equal-Weight rating indicates that Barclays views XEL as adequately valued at its current price. The slight decrease in the price target may not have a substantial impact on the stock price in the short term, as it reflects a marginal change in expectations.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100