CMS Energy price target raised to $76 from $69 at BMO Capital

BMO Capital raised the firm’s price target on CMS Energy to $76 from $69 and keeps an Outperform rating on the shares. The firm is positive on the company’s above-average EPS and dividend growth rates, long-dated visible capital program, consistent execution, and supportive regulatory environment, the analyst tells investors in a research note. BMO adds that CMS Energy can now be owned at a discount to its historical relative valuation.