Xcel Energy seen as undervalued as UBS lifts price target

Xcel Energy Inc (NASDAQ:XEL) had its price target raised to $91 from $89 by UBS analysts who say the stock continues to offer upside driven by earnings growth visibility and what it views as an overly discounted assessment of wildfire-related risk. The revised target implies about 12% upside from recent trading levels near $81 and reflects higher valuation assumptions for the US utility sector.