CMS Energy price target raised to $80 from $79 at BMO Capital

BMO Capital raised the firm’s price target on CMS Energy (CMS) to $80 from $79 and keeps an Outperform rating on the shares after its Q4 earnings beat. The firm views the company’s robust capital plan refresh, large load upside potential, and management’s stated confidence in Michigan’s regulatory construct as the key positively and further supporting the company’s attractive risk/return, the analyst tells investors in a research note.