Jefferies lowers its price target from $30.50 to $29.50 on Buy-rated Xcel Energy XCEL on lower Q1 earnings due to mild weather.
Jefferies says, "We are reducing our 1Q12 EPS estimate by $0.05 to $0.35 due to warm winter weather. Xcel is still guiding to the lower end of its 2012 earnings guidance of $1.75-$1.85."
XEL closed at $26.15 on Thursday.
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