Xcel Energy IncXEL
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Morgan Stanley raised price target to $89, implying nearly 9% upside.
Impact on stocks 1
Energy Transition & Power Demand
Xcel Energy IncMorgan Stanley raised its price target on Xcel Energy to $89 from $87 while maintaining an Equal Weight rating, implying nearly 9% upside. The revision followed the firm's updated price objectives for North American regulated and diversified utilities, a sector that fell 5.5% in May against a 5.1% gain for the S&P 500. Xcel Energy has increased its dividend for 23 consecutive years, targeting annual growth of 4–6% and a payout ratio of 45–55%, with the stock currently yielding 2.90%.
Xcel Energy IncMorgan Stanley raised price target to $89, implying nearly 9% upside.