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UPDATE: Jefferies Raises PT on Xcel Energy Following 1Q13 Earnings

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In a report published Friday, Jefferies analyst Paul B. Fremont reiterated a Hold rating on Xcel Energy (NYSE: XEL), and raised the price target from $30.50 to $32.50.

In the report, Fremont noted, “1Q13 earnings of $0.48 were above prior year result of $0.38 and consensus of $0.45. The improved quarter result was driven by rate increases in cold winter weather. We are increasing our 2015 estimate to reflect anticipated future rate increases.”

Xcel Energy closed on Thursday at $31.35.

Latest Ratings for XEL

DateFirmActionFromTo
Dec 2016BarclaysDowngradesOverweightEqual-Weight
Sep 2016SunTrust Robinson HumphreyMaintainsNeutral
Sep 2016UBSUpgradesSellNeutral

View More Analyst Ratings for XEL
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Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

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