KeyBanc analyst Sophie Karp raised the firm’s price target on CMS Energy to $73 from $68 and keeps an Overweight rating on the shares. The firm believes 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.
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 price target raised to $73 from $69 at BofA
- CMS Energy price target raised to $63 from $60 at Morgan Stanley
- CMS Energy price target raised to $75 from $66 at Scotiabank
- CMS Energy price target raised to $65 from $60 at Barclays
- Consumers Energy, the Principal Subsidiary of CMS Energy, Declares Quarterly Dividend on Preferred Stock