JP Morgan Maintains Neutral on Xcel Energy, Lowers Price Target to $59
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Jeremy Tonet has maintained a Neutral rating on Xcel Energy (NASDAQ:XEL) and lowered the price target from $68 to $59.

March 13, 2024 | 1:04 pm
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NEGATIVE IMPACT
JP Morgan analyst Jeremy Tonet maintains a Neutral rating on Xcel Energy and lowers the price target from $68 to $59.
The reduction in price target by JP Morgan, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in Xcel Energy's stock price. The Neutral rating suggests no significant positive catalysts in the near term to counterbalance the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100