Jefferies Raises Price Target on Xcel Energy (XEL)
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Price: $27.44 +1.22%
Rating Summary:
5 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
5 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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Jefferies lifted their price target on Buy-rated Xcel Energy (NYSE: XEL) from $27.50 to $29.50
The firm comments, "3Q11 earnings of $0.69 were above our estimates and consensus primarily due to hot summer weather. The company indicated that it would achieve the high end of its 2011 guidance range of $1.65-$1.75 and implemented 2012 guidance of $1.75-$1.85. The company does not plan to issue new equity in 2012."
For more ratings news on Xcel Energy click here and for the rating history of Xcel Energy click here.
Shares of Xcel Energy closed at $26.20 yesterday.
The firm comments, "3Q11 earnings of $0.69 were above our estimates and consensus primarily due to hot summer weather. The company indicated that it would achieve the high end of its 2011 guidance range of $1.65-$1.75 and implemented 2012 guidance of $1.75-$1.85. The company does not plan to issue new equity in 2012."
For more ratings news on Xcel Energy click here and for the rating history of Xcel Energy click here.
Shares of Xcel Energy closed at $26.20 yesterday.
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