NEW YORK, February 6 (FinanceEnquiry.com) - Analysts at Deutsche Bank Securities reiterate their Hold rating on the shares of Xcel Energy (NYSE: XEL). The 12-month target price is set to $27.
 
In a research note published on February 3, the analysts mention that Xcel Energy reported in line Q4’11 results and reaffirmed 2012 guidance. Moreover, a positive development for the 2012 outlook has emerged with Colorado PUC, approving deferred accounting for a portion of XEL’s rate increase request, the analysts add. XEL is expected to positively handle O&M to offset some of these drivers, while other challenges persist, such as weaker sales and higher property taxes, according to Deutsche Bank Securities.