Upgrades bring shine to pair

Investor's Business Daily

NextEra Energy (NEE) and Xcel Energy (XEL) gapped up on upgrades by Goldman Sachs (GS). Goldman lifted Xcel's rating to buy from neutral and raised its price target to $32 from $29, saying it expects strong EPS growth. It added that it expects favorable resolutions to major rate increase requests in Minn. and Texas. NextEra was upgraded to buy from neutral on expected strong dividend growth and lower regulatory risk. The bank hiked its price target to $84 from $74. Xcel rose 0.6% to 29.83 and NextEra 0.2% to 78.32.

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