Truist Lowers Xcel Energy (XEL) Price Target, Sees Utilities Benefiting From Data Center Growth

Truist analyst [Analyst Name] has lowered the price target for Xcel Energy (XEL) to $[Price Target] from $[Previous Price Target], while maintaining a Buy rating on the stock. The analyst believes that utilities, including Xcel Energy, are well-positioned to benefit from the increasing demand for electricity driven by data center growth. This growth is expected to lead to higher revenues and improved profitability for these companies.