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UBS Reiterates Buy on DTE Energy (DTE) as Reduced Equity Issuance Offsets Impact of Bonus Depreciation
February 12, 2016 9:03 AM ESTUBS reiterated a Buy rating on DTE Energy (NYSE: DTE), and raised the price target to $100.00 (from $98.00). With a relatively minor impact of only $300M-$400M of cash from bonus depreciation deferred taxes through 2020, UBS sees a somewhat reduced earnings growth rate at DTE Electric. However, management's guidance for a lower equity issuance... More
