DTE Energy price target raised to $124 from $123 at BMO Capital

BMO Capital analyst James Thalacker raised the firm’s price target on DTE Energy to $124 from $123 but keeps a Market Perform rating on the shares. The firm is reducing its Q1 EPS estimate by 70c to $1.24 to reflect the impacts from both severe storms and mild weather as well as a lower timing-related EM&T contribution, though its price target change is driven by its updated view of mark-to-market in group peer multiples, the analyst tells investors in a research note.