Credit Suisse Starts CMS Energy (CMS) at Neutral

Credit Suisse initiates coverage on CMS Energy (NYSE: CMS) with a Neutral rating and a price target of $44.00.

The analyst comments "We initiate coverage of CMS with a Neutral rating and $44 TP, with the rating reflective of the current 9.6% premium P/E but emphasizing one of the best management teams in the industry with an above-average 6-8% annualized EPS growth target through 2025. We also point to constructive and improving regulatory framework in Michigan with recently passed legislation. We further appreciate room for additional potential upside with $3-4B of incremental capex opportunities in gas infrastructure and renewables and additional possible opportunities from recently passed legislation and purchased power contract expirations."

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

Shares of CMS Energy closed at $41.97 yesterday.

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