Market Overview

UPDATE: Jefferies Downgrades Xcel Energy to Hold on Valuation

Share:
Related XEL
SolarCity Unveils Minnesota Community Project; Sells Bonds
Benzinga's Top Upgrades
Xcel Energy (XEL) Missed on Q2 Earnings and Revenue - Tale of the Tape (Zacks)

Jefferies lowers its rating on Xcel Energy (NYSE: XEL) from Buy to Hold based on valuation. Price target is reduces from $30 to $29.

Jefferies says, "We are downgrading XEL to Hold from Buy based on valuation. The stock is currently trading at an 8% P/E premium to our 2014 group average multiple which is close to our 10% target premium. When we initiated on the stock in September 2011, the company had been trading at almost a 5% P/E discount."

XEL closed at $27.49 on Monday.

Latest Ratings for XEL

DateFirmActionFromTo
Jul 2015JefferiesMaintainsBuy
Jul 2015SunTrust Robinson HumphreyMaintainsNeutral
Jun 2015SunTrust Robinson HumphreyMaintainsNeutral

View More Analyst Ratings for XEL
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Downgrades Price Target Pre-Market Outlook Analyst Ratings

 

Related Articles (XEL)

Get Benzinga's Newsletters