Fly News Breaks for May 22, 2019
XEL
May 22, 2019 | 09:30 EDT
Argus analyst Gary Hovis raised his price target on Xcel Energy to $64 and kept his Buy rating, citing the upside potential on the stock after the company returned to kilowatt-hour sales growth in the most recent quarter. The analyst also views Xcel Energy as a "stable regulated utility" that should generate increased dividend payments and "modest" stock price appreciation thanks to its "well operated" subsidiaries, solid cash flow growth, and "balanced" regulation.
News For XEL From the Last 2 Days