KeyBanc Reiterates Overweight Rating on Xcel Energy (XEL)

KeyBanc analyst Sophie Karp reiterated an Overweight rating and $65.00 price target on Xcel Energy (NASDAQ: XEL).

The analyst commented, "Last week we hosted a series of investor meetings with XEL. Growth opportunities presented by data center growth, electrification of industrial operations and overall economic growth in XEL's territories, as well as the Company's ongoing decarbonization efforts and resulting generation build-out, dominated the discussion. The Company also touched upon the effort to mitigate wildfire risks—both operationally and regulatorily. Overall, we maintain that XEL is well positioned to regain its status as a premium utility name, and reiterate our Overweight rating with a $65 price target."

For an analyst ratings summary and ratings history on Xcel Energy click here. For more ratings news on Xcel Energy click here.

Shares of Xcel Energy closed at $58.02 yesterday.

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