CMS Energy price target raised to $74 from $71 at Morgan Stanley

Morgan Stanley analyst David Arcaro raised the firm’s price target on CMS Energy (CMS) to $74 from $71 and keeps an Equal Weight rating on the shares. The firm is updating its Regulated & Diversified Utilities / IPPs in North America under its coverage, noting utilities underperformed the S&P’s return in December, the analyst tells investors.