KeyBanc raised the firm’s price target on CMS Energy to $66 from $65 and keeps an Overweight rating on the shares. KeyBanc views CMS as a high-quality utility that is among the better-managed vertically integrated utilities in the space, which is also benefiting from positive load growth trends, and expects the company to trade at a premium to its peers, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CMS:
- CMS Energy price target lowered to $57 from $58 at Barclays
- CONSUMERS ENERGY AND ONCOURSE HOME SOLUTIONS COMPLETE SALE OF APPLIANCE SERVICE PLAN BUSINESS
- Walmart partners with Consumers Energy to power 44 Michigan locations
- CMS Energy downgraded to Neutral from Buy at UBS
- CMS Energy price target raised to $58 from $57 at Barclays