Evercore ISI analyst Durgesh Chopra raised the firm’s price target on DTE Energy to $122 from $116 and keeps an Outperform rating on the shares after rolling out 2026 EPS forecasts and updating target prices among the firm’s Utilities coverage. Given the 2023 underperformance and taking into account absolute valuation and relative valuation, the firm is more constructive on the group and likes the risk/reward into 2024 and long term, the analyst tells investors.
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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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- DTE Energy price target raised to $117 from $106 at KeyBanc
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