UBS Lifts Price Target on Xcel Energy to $91 From $89, Maintains Buy Rating

UBS has increased its price target for Xcel Energy (XEL) to $91 from $89, while reiterating a ‘Buy’ rating on the stock. This adjustment comes amidst other analyst actions, with Barclays also raising its price target on Xcel Energy to $91 from $82, maintaining an ‘Overweight’ rating, and Jefferies & Co adjusting their target to $99 from $94 with a ‘Buy’ rating earlier in the month. The news indicates continued positive sentiment from financial institutions regarding Xcel Energy’s stock performance.

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