Barclays Upgrades Xcel Energy to Overweight, Lowers Price Target to $54
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Nicholas Campanella upgraded Xcel Energy (XEL) from Equal-Weight to Overweight but lowered the price target from $61 to $54.

March 11, 2024 | 11:53 am
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Barclays upgraded Xcel Energy to Overweight from Equal-Weight, but reduced the price target to $54 from $61.
The upgrade to Overweight suggests Barclays' positive outlook on XEL's stock performance in the short term, indicating potential for price appreciation. However, the reduction in the price target to $54, down from $61, might temper expectations for the magnitude of potential gains. Overall, the upgrade is likely to have a more significant impact on investor sentiment and stock price than the lowered price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100