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Xcel Energy upgraded to Buy, Edison International cut at UBS (XEL:NASDAQ)
UBS has upgraded Xcel Energy (XEL) to Buy from Neutral, increasing its price target to $89 from $81, citing that the stock is pricing in sub-7% EPS growth. Concurrently, Edison International (EIX) has been cut by UBS. Xcel Energy’s stock rose by 2.9% in Friday’s trading, reaching a year-to-date high.