Wells Fargo analyst Neil Kalton raised the firm’s price target on DTE Energy (DTE) to $145 from $133 and keeps an Overweight rating on the shares. DTE’s execution appears to be back on track, and Wells Fargo doesn’t expect any changes to its 6%-8% long-term EPS compound annual growth target, the analyst tells investors in a research note. A “constructive” resolution of electric and gas general rate cases is expected in the months ahead, the firm says.
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Read More on DTE:
- DTE Energy reports Q3 operating EPS $2.22, consensus $1.88
- DTE Energy sees FY24 operating EPS $6.54 – $6.83, consensus $6.70
- DTE Energy placed on ‘Positive Catalyst Watch’ at JPMorgan
- DTE Energy price target raised to $138 from $136 at KeyBanc
- DTE Earnings Report this Week: Is It a Buy, Ahead of Earnings?