UBS has upgraded Xcel Energy (XEL) to Buy from Neutral, increasing its price target to $89 from $81, citing that the stock is pricing in sub-7% EPS growth. Concurrently, Edison International (EIX) has been cut by UBS. Xcel Energy’s stock rose by 2.9% in Friday’s trading, reaching a year-to-date high.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Xcel Energy upgraded to Buy, Edison International cut at UBS (XEL:NASDAQ)
UBS has upgraded Xcel Energy (XEL) to Buy from Neutral, increasing its price target to $89 from $81, citing that the stock is pricing in sub-7% EPS growth. Concurrently, Edison International (EIX) has been cut by UBS. Xcel Energy’s stock rose by 2.9% in Friday’s trading, reaching a year-to-date high.