Morgan Stanley lowered the firm’s price target on CMS Energy to $57 from $58 and keeps an Equal Weight rating on the shares as part of the firm’s December edition of its “Monthly Meter Reading” note on Regulated & Diversified Utilities. Electric multiples were up less than 1% and multiples for gas utilities were down 3% since the firm last refreshed its price targets, the analyst noted.
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Read More on CMS:
- CMS Energy price target raised to $59 from $55 at Barclays
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