Truist Lowers Price Target for Xcel Energy Amid Sector Outlook on Data Center Growth

On May 18, Truist lowered its price target for Xcel Energy (NASDAQ:XEL) to $92 from $95 while maintaining a Buy rating. The move is part of an updated analysis highlighting the Power and Utilities sector's potential due to rising data center demand.

By Vardah Gill Sat, May 30, 2026 at 4:50 AM GMT+3 2 min read · Yahoo Finance · May 30, 2026, 01:50 UTC

Tickers: $NEE $TFC $XEL

Topics: Data centers Infrastructure investment Price targets Utilities

Read the full article at Yahoo Finance

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