Morgan Stanley Maintains Equal-Weight on Xcel Energy, Raises Price Target to $68
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Byrd maintains an Equal-Weight rating on Xcel Energy and raises the price target from $62 to $68.
August 23, 2024 | 5:24 pm
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POSITIVE IMPACT
Morgan Stanley has maintained its Equal-Weight rating on Xcel Energy while increasing the price target from $62 to $68, indicating a positive outlook.
The increase in the price target from $62 to $68 by Morgan Stanley suggests a positive outlook for Xcel Energy, which could lead to a short-term increase in stock price. The maintained Equal-Weight rating indicates a balanced view, but the raised target price is a positive signal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100