DTE Energy price target lowered to $119 from $120 at Mizuho

Mizuho lowered the firm’s price target on DTE Energy to $119 from $120 and keeps a Buy rating on the shares after hosting meetings with management. DTE continued to highlight the balanced nature of Michigan regulation and that the 2022 rate decision, and the issue with sales forecasting should be viewed as one-time in nature, the analyst tells investors in a research note. The firm says the balanced Michigan regulatory environment is not reflected in the stock price.