BUZZ-Xcel Energy rises after brokerages raise PT
Shares of Xcel Energy XEL.O rise ~1% to $67.71
Brokerage BMO Capital Markets raises PT to $69 from $67, maintains "market perform" rating
XEL on Thursday missed Q2 profit estimates but reaffirmed 2025 profit forecast range of $3.75 to 3.85 per share
BMO says the earnings trajectory for the company is unchanged, including the "2026 inflection point where we expect to start seeing higher growth"
XEL's commentary around additional data center contracts and underlying economic development in its service territories should support a robust capital plan update and forward earnings outlook, BMO adds
Brokerage Wells Fargo also raises PT to $75 from $72
12 of 17 brokerages that cover the stock rate it "buy" or higher and five "hold"; their median PT is $73 - LSEG data
In 2024, stock rose 9.1%
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