BMO Capital raised the firm’s price target on CMS Energy to $71 from $68 and keeps an Outperform rating on the shares after hosting its management for investor meetings. The firm came away from the discussions incrementally positive on the story given the increasing visibility in the company’s above-peer growth outlook, the management’s execution and proactive approach to customer affordability, improving reliability, cost control and financing, as well as the continued constructive regulatory environment in Michigan, the analyst tells investors in a research note.
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