Jefferies Initiates Coverage On Xcel Energy with Hold Rating, Announces Price Target of $70
Portfolio Pulse from Benzinga Newsdesk
Jefferies has initiated coverage on Xcel Energy with a Hold rating and set a price target of $70.
September 19, 2024 | 10:44 pm
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NEUTRAL IMPACT
Jefferies has initiated coverage on Xcel Energy with a Hold rating and a price target of $70, indicating a neutral stance on the stock.
The Hold rating suggests that Jefferies does not see significant upside or downside in Xcel Energy's stock price in the near term. The price target of $70 provides a benchmark for investors, indicating that the stock is fairly valued at current levels.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100