Wolfe Research analyst Steve Fleishman upgraded DTE Energy to Outperform from Peer Perform with a $125 price target. The analyst cites valuation for the upgrade following the stock’s recent underperformance in the wake of a disappointing Michigan rate order. He sees DTE’s "new/higher" financial outlook as still on track, with the opportunity for "regulatory redemption" in 2023.
Published first on TheFly
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