KeyBanc raised the firm’s price target on CMS Energy to $68 from $66 and keeps an Overweight rating on the shares. CMS’s premium is warranted given state support for the clean-energy transition and data center growth, including a 9% return on clean-energy PPAs, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CMS:
- CMS Energy management to meet virtually with KeyBanc
- CMS Energy price target raised to $71 from $68 at BMO Capital
- CMS Energy price target raised to $70 from $68 at Argus
- CMS Energy Declares Quarterly Dividend on Cumulative Redeemable Perpetual Preferred Stock
- Consumers Energy, the Principal Subsidiary of CMS Energy, Declares Quarterly Dividend on Preferred Stock