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

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Xcel Energy Poised to Benefit from Continued Investments
Xcel Energy Poised to Benefit from Continued Investments

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
Apr 2017MizuhoInitiates Coverage OnNeutral
Dec 2016BarclaysDowngradesOverweightEqual-Weight
Sep 2016SunTrust Robinson HumphreyMaintainsNeutral

View More Analyst Ratings for XEL
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

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