Morgan Stanley analyst David Arcaro raised the firm’s price target on DTE Energy to $109 from $108 and keeps an Overweight rating on the shares. The firm likes the company’s story given its above average EPS growth rate, investment growth opportunities, constructive jurisdiction, and strong management team, the analyst tells investors. Based on its earnings mix, Morgan Stanley believes DTE Energy’s stock warrants an approximately 10% premium to its peers on a P/E multiple basis.
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