UPDATE: Jefferies Reiterates Hold Rating, Lowers PT on Xcel Energy
In a report published Friday, Jefferies reiterated its Hold rating on Xcel Energy (NYSE: XEL), but lowered its price target from $29.50 to $28.00.
Jefferies noted, “XCEL 4Q12 operating EPS was $0.29 on a diluted basis, versus $0.29 for the same period a year ago, our estimate of $0.30, and FC consensus of $0.27. Higher electric and gas margins were offset by higher depreciation and operating and maintenance expense.”
Xcel Energy closed on Thursday at $27.28.
Latest Ratings for XEL
|Aug 2015||SunTrust Robinson Humphrey||Maintains||Neutral|
|Jul 2015||SunTrust Robinson Humphrey||Maintains||Neutral|
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.