Morgan Stanley Sticks to Its Hold Rating for Xcel Energy (XEL)
Morgan Stanley analyst David Arcaro maintained a Hold rating on Xcel Energy today and set a price target of $84.00.
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Arcaro covers the Utilities sector, focusing on stocks such as American Electric Power, Edison International, and IdaCorp. According to TipRanks, Arcaro has an average return of 13.9% and a 65.34% success rate on recommended stocks.
In addition to Morgan Stanley, Xcel Energy also received a Hold from UBS’s William Appicelli in a report issued on November 9. However, on November 18, Evercore ISI maintained a Buy rating on Xcel Energy (NASDAQ: XEL).
Based on Xcel Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $7.08 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
Read More on XEL:
Disclaimer & DisclosureReport an Issue
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- Xcel Energy price target raised to $85 from $83 at Barclays
- Xcel Energy price target raised to $92 from $80 at Citi
- Xcel Energy’s Earnings Call: Strong Performance Amid Challenges
