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UBS Raises Price Target on DTE Energy Co. (DTE) to $93 Following Analyst Day

September 30, 2015 8:12 AM EDT

UBS reiterated a Buy rating on DTE Energy (NYSE: DTE), and raised the price target to $93.00 (from $89.00), following the company's analyst day.

Analyst Julien Dumoulin-Smith commented, "DTE initiated 2016 $4.80-$5.05, in-line with UBSe and consensus $4.92. In a particularly confident move, management shifted the 5-yr projected... More