Jefferies Lifts Numbers on Xcel Energy (XEL)

April 9, 2013 7:08 AM EDT Send to a Friend
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Price: $35.28 -0.4%

Rating Summary:
    3 Buy, 8 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 15 | Down: 38 | New: 13
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Jefferies bumped estimates and its price target on Xcel Energy (NYSE: XEL) from $28 to $30.50.

The firm raised Q1 EPS from $0.40 to $0.45, FY13 EPS from $1.85 to $1.90 and FY14 from $1.90 to $1.95.

"The change in estimates reflects higher expected rates including a reasonable outcome in the Minnesota electric rate filing this year," the analyst comments.

For an analyst ratings summary and ratings history on Xcel Energy click here. For more ratings news on Xcel Energy click here.

Shares of Xcel Energy closed at $30.40 yesterday.

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