CMS Energy price target raised to $82 from $78 at Wells Fargo

Wells Fargo analyst Neil Kalton raised the firm’s price target on CMS Energy (CMS) to $82 from $78 and keeps an Overweight rating on the shares. The firm notes that it was no surprise that management exuded confidence in CMS’s ability to deliver in the face of uncertainty. The company has the track record to back it up, Wells adds. Management continues to target the high end of 2025 EPS guidance and the 6%-8% long-term CAGR.