CMS Energy price target lowered to $85 from $86 at BMO Capital

BMO Capital lowered the firm’s price target on CMS Energy (CMS) to $85 from $86 and keeps an Outperform rating on the shares. The firm is constructive on MPSC staff U-21981 rate case recommendation, the analyst tells investors in a research note. BMO adds that its positive outlook reflects the company’s above-average earnings and dividend growth rates, long-dated visible capital program, consistent execution, and supportive regulatory environment.