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TD Cowen Sticks to Their Buy Rating for Xcel Energy (XEL)

Tipranks - Tipranks - Wed Feb 11, 11:14AM CST

In a report released yesterday, Shelby Tucker from TD Cowen maintained a Buy rating on Xcel Energy, with a price target of $93.00.

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Tucker covers the Utilities sector, focusing on stocks such as Consolidated Edison, Atmos Energy, and Dominion Energy. According to TipRanks, Tucker has an average return of 10.0% and a 68.05% success rate on recommended stocks.

In addition to TD Cowen, Xcel Energy also received a Buy from BMO Capital’s James Thalacker in a report issued on February 6. However, on February 2, TipRanks – Anthropic reiterated a Hold rating on Xcel Energy (NASDAQ: XEL).

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Based on Xcel Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.92 billion and a net profit of $524 million. In comparison, last year the company earned a revenue of $3.64 billion and had a net profit of $682 million

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