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Fly News Breaks for August 13, 2019
XEL
Aug 13, 2019 | 06:45 EDT
Barclays analyst Eric Beaumont downgraded Xcel Energy to Equal Weight from Overweight with an unchanged price target of $64. The analyst continues to see Xcel as a "premium company" with 5%-7% "long-term low-risk" earnings growth. However, based on the current "premium" valuation, he believes a neutral rating better reflects the risk/reward in the shares.
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