UPDATE: UBS Upgrades DTE Energy (DTE) to Buy

UBS analyst Daniel Ford upgraded DTE Energy (NYSE: DTE) from Neutral to Buy with a price target of $127.00 (from $144.00).

The analyst comments "DTE successfully completed the spin of DT Midstream on July 1. The Remain Co. deserves one of the top valuations in the group for a 90% utility business mix, top quartile Michigan regulation, 7% or better EPS growth and a track record for meeting or exceeding initial EPS guidance. A guidance update near-term could provide a catalyst. Our $127 price target represents 18% total return including a 3.0% yield."

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 $111.74 yesterday.

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