Market Overview

UPDATE: Jefferies Downgrades Xcel Energy to Hold on Valuation

Share:
Related XEL
Top Stock Reports for Comcast, Honeywell & General Motors
Xcel Energy Poised to Benefit from Continued Investments
Stocks Showing Improving Market Leadership: Xcel Energy Earns 81 RS Rating (Investor's Business Daily)

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
Aug 2017Morgan StanleyMaintainsEqual-Weight
Jul 2017BMO CapitalMaintainsMarket Perform
Apr 2017MizuhoInitiates Coverage OnNeutral

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)

View Comments and Join the Discussion!