Wells Fargo lowered the firm’s price target on DTE Energy (DTE) to $152 from $157 and keeps an Overweight rating on the shares. The firm says that EPS guidance is now the high end of 6%-8%, but that it sees DTE reaching the top end and having additional torque on new DC load on top of just-approved deal with more opportunities potentially revising trajectory higher in time.
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Read More on DTE:
- DTE Energy price target lowered to $141 from $148 at Barclays
- DTE Energy price target lowered to $148 from $151 at BMO Capital
- DTE Energy Establishes $1.5 Billion Equity Distribution Program
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- Michigan regulators favor approving DTE data center request, Bloomberg says
