Morgan Stanley Maintains Equal-Weight on Xcel Energy, Lowers Price Target to $62
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Byrd maintains an Equal-Weight rating on Xcel Energy (NASDAQ:XEL) but lowers the price target from $65 to $62.
June 24, 2024 | 4:22 pm
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Morgan Stanley analyst Stephen Byrd maintains an Equal-Weight rating on Xcel Energy but lowers the price target from $65 to $62.
The lowered price target from $65 to $62 by Morgan Stanley suggests a less optimistic outlook for Xcel Energy's stock performance. This could lead to a short-term negative impact on the stock price as investors may adjust their expectations accordingly.
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