CMS Energy price target raised to $83 from $79 at KeyBanc

KeyBanc analyst Sophie Karp raised the firm’s price target on CMS Energy (CMS) to $83 from $79 and keeps an Overweight rating on the shares after hosting management for a series of investor meetings. Most conversations revolved around the regulatory and political environment in MI, which will hold gubernatorial elections in November; data center pipeline and the company’s outlook on the large load customer mix going forward; capital plan and potential future generation needs; as well as growth outlook.