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UBS Cuts Price Target on DTE Energy Co. (DTE) Ahead of Analyst Day
September 21, 2015 9:28 AM EDTUBS reiterated a Buy rating on DTE Energy (NYSE: DTE), and cut the price target to $89.00 (from $91.00), ahead of the company's analyst day. Analyst Julien Dumoulin-Smith thinks management will likely be conservative on increasing guidance further while awaiting the passage of Michigan energy legislation.
Dumoulin-Smith commented, "We expect management to roll forward the 5-year capital and earnings... More
