
BMO Capital Markets raises price target on Xcel Energy XEL.O to $84 from $80
The new price target represents a ~8% upside to the stock's last close
Company on Wednesday said that it reached agreements in principle to resolve all litigation related to the 2021 Marshall fire
Brokerage expects investor attention to turn to the third quarter post-earnings call, where BMO anticipates the company will provide an update to its "best-in-class EPS/rate base growth"
11 of 15 brokerages rate the stock "buy" or higher, 4 "hold"; their median PT is $82.50
Up to last close, stock up 15.4% YTD