DTE Energy price target raised to $113 from $111 at BMO Capital

BMO Capital raised the firm’s price target on DTE Energy to $113 from $111 and keeps a Market Perform rating on the shares ahead of its Q1 results. The stock should trade in a narrow band in the near term pending the final order in its pending electric rate case as well as the company’s 2024 guidance and updated capex and long-term growth outlook, the analyst tells investors in a research note. BMO adds that it is adjusting its price target on DTE with a mark-to-market relative to the company’s peers.