Market Overview

UPDATE: Goldman Sachs Initiates Coverage on Xcel Energy with Neutral Rating, $29 PT

Share:
Related XEL
Benzinga's Top Upgrades
Argus Research Upgrades Xcel Energy To Buy

In a report published Wednesday, Goldman Sachs Group initiated coverage on Xcel Energy (NYSE: XEL) with a Neutral rating and $29.00 price target.

Goldman Sachs noted, “We initiate coverage of Xcel Energy (XEL), a $13bn market cap Regulated Utility with a Neutral rating and a $29 P/E-based 12-month target price, implying 11% total return. Our 2012-2014 EPS forecasts are $1.80/$1.92/$2.03, with our 2013/2014 forecasts 2%/3% above consensus. We expect XEL to deliver above-average EPS growth and returns, but initiate with a Neutral rating given relative valuation, a rate case overhang in Minnesota and below-average dividend growth. Among Regulated Utilities, we prefer Buy-rated NU (CL) and DUK among large caps as well as AWK (CL), GXP and CNL among small/mid caps.”

Xcel Energy closed on Tuesday at $27.28.

Latest Ratings for XEL

DateFirmActionFromTo
Apr 2015JefferiesMaintainsBuy
Apr 2015SunTrust Robinson HumphreyMaintainsNeutral
Apr 2015Argus ResearchUpgradesHoldBuy

View More Analyst Ratings for XEL
View the Latest Analyst Ratings

Posted-In: Goldman Sachs GroupAnalyst Color Initiation Analyst Ratings

 

Related Articles (XEL)

Around the Web, We're Loving...