DTE Energy price target lowered to $134 from $136 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on DTE Energy (DTE) to $134 from $136 and keeps an Overweight rating on the shares. The firm is updating its price targets for stocks in the Regulated & Diversified Utilities / IPP North America sector under its coverage, the analyst tells investors. Utilities continue to see strong interest from both data centers and large load customers, the firm notes. Additionally, management teams believe any changes to the IRA are manageable, with many companies with safe harboring in place, the firm adds.