Barclays Upgrades DTE Energy (DTE) to Overweight

Barclays upgraded DTE Energy (NYSE: DTE) from Equalweight to Overweight with a price target of $89.00.

Analyst Daniel Ford said they believe that uncertainties associated with the delayed passage of Michigan legislation, extension of bonus depreciation, growth visibility of the P&I (Power and Industrials) business and worries about the Gas Storage and Pipelines business are misplaced.

They said the stock is currently trades at a 3% discount to the Regulated Utility group on their 2018 EPS estimate.

For an analyst ratings summary and ratings history on DTE Energy click here. For more ratings news on DTE Energy click here.

Shares of DTE Energy closed at $79.60 yesterday.

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