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Xcel Energy (XEL) PT Lowered to $54 at Evercore ISI, 'it is unclear whether or not XEL’s equipment caused the fire'
March 5, 2024 7:32 AM ESTEvercore ISI analyst Durgesh Chopra lowered the price target on Xcel Energy (NASDAQ: XEL) to $54.00 (from $68.00) while maintaining a Outperform rating.
The analyst comments "Xcel Energy became aware on Monday, 02/26/24 of Texas wildland fires burning in or near the service territory of subsidiary Southwestern Public Service Company (SPS). The Company has been working with emergency response personnel to provide assistance. On 02/28/24 a law firm sent a letter to Xcel Energy on behalf of various property insurance interests whose insureds were... More
