Macquarie Downgrades Xcel Energy (XEL) to Neutral

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Goldman Sachs Starts Xcel Energy (XEL) at Neutral on Valuation

December 12, 2012 7:51 AM EST

Goldman Sachs initiates coverage on Xcel Energy (NYSE: XEL) with a Neutral rating and $29, citing valuation. The firm sets 2012-2014 EPS forecasts are $1.80/$1.92/ $2.03, with our 2013/2014 forecasts 2%/3% above consensus.

"We expect XEL to deliver above-average EPS growth and returns, but initiate with a... More