CMS Energy price target raised to $79 from $77 at BMO Capital

BMO Capital raised the firm’s price target on CMS Energy (CMS) to $79 from $77 and keeps an Outperform rating on the shares. The company’s Q1 results and FY guidance reaffirmation at the higher end of the range is seen as a positive given the significant storm-related impact, the analyst tells investors in a research note. Focus should now turn to the company’s regulatory calendar, including its pending gas rate case, data center tariff proceeding, ex-parte filing for deferred accounting for March/April’s storm cost, the firm adds.