Morgan Stanley lowered the firm’s price target on DTE Energy to $111 from $114 and keeps an Overweight rating on the shares as part of the firm’s December edition of its “Monthly Meter Reading” note on Regulated & Diversified Utilities. Electric multiples were up less than 1% and multiples for gas utilities were down 3% since the firm last refreshed its price targets, the analyst noted.
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Read More on DTE:
- DTE Energy downgraded to Peer Perform from Outperform at Wolfe Research
- DTE Energy downgraded to Neutral from Buy at Seaport Research
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