Xcel Energy shares are trading higher after Wolfe Research upgraded the stock from Peer Perform to Outperform and announced a $58 price target.
Portfolio Pulse from Benzinga Newsdesk
Xcel Energy's stock (XEL) trades higher following an upgrade from Wolfe Research, moving from Peer Perform to Outperform with a new price target of $58.
March 11, 2024 | 10:35 am
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POSITIVE IMPACT
Xcel Energy's stock received a positive upgrade from Wolfe Research, moving from Peer Perform to Outperform, alongside a new price target of $58.
The upgrade by Wolfe Research to Outperform signifies a strong vote of confidence in Xcel Energy's future performance. The new price target of $58 suggests a bullish outlook on the stock, likely leading to increased investor interest and potentially higher stock prices in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100