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KeyBanc Sticks to Its Buy Rating for Xcel Energy (XEL)

Tipranks - Tipranks - Tue Jun 9, 4:12AM CDT

In a report released today, Sophie Karp from KeyBanc reiterated a Buy rating on Xcel Energy, with a price target of $90.00.

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In addition to KeyBanc, Xcel Energy also received a Buy from Argus Research’s Marie Ferguson in a report issued on June 3. However, on May 21, Morgan Stanley maintained a Hold rating on Xcel Energy (NASDAQ: XEL).

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Based on Xcel Energy’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $4.02 billion and a net profit of $556 million. In comparison, last year the company earned a revenue of $3.91 billion and had a net profit of $483 million

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