CMS Energy price target raised to $64 from $61 at BMO Capital

BMO Capital raised the firm’s price target on CMS Energy to $64 from $61 and keeps an Outperform rating on the shares. The analyst is positive on the company’s earnings growth rates, long-dated visible capital program, consistent execution, and supportive regulatory environment, the analyst tells investors in a research note. BMO adds that its increased price target reflects mark-to-market relative to the company’s peer group multiples.