DTE Energy price target lowered to $117 from $123 at Wells Fargo

Wells Fargo analyst Neil Kalton lowered the firm’s price target on DTE Energy to $117 from $123 and keeps an Overweight rating on the shares. DTE closed the books on an “abnormally” challenging 2023, but a constructive December 2023 Electric rate order has STE poised to resume execution on its 6%-8% five-year EPS CAGR target, the analyst tells investors in a research note.