Market Overview

UPDATE: Morgan Stanley Downgrades Xcel Energy to Equal-Weight on Valuation

Related XEL
Xcel Energy Evenly Poised - Analyst Blog
Xcel Energy Boosts Green Power Generation - Analyst Blog

Morgan Stanley downgraded Xcel Energy (NYSE: XEL) from Overweight to Equal-weight and lowers the price target from $30.00 to $28.00.

Morgan Stanley said, "XEL trades at ~14.0x our 2014e EPS compared to the 14.5x multiple of its large cap regulated peers. Given an average dividend yield and strong ~5% EPS growth, offset by concerns emerging in the Minnesota jurisdiction, we believe shares should trade more in-line."

Xcel Energy closed at $26.91 on Wednesday.

Latest Ratings for XEL

DateFirmActionFromTo
Sep 2014SunTrust Robinson HumphreyMaintainsNeutral
Aug 2014JefferiesMaintainsBuy
May 2014JP MorganMaintainsUnderweight

View More Analyst Ratings for XEL
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Downgrades Intraday Update Analyst Ratings

 

Related Articles (XEL)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters

Benzinga Professional