DTE Energy price target raised to $144 from $140 at BMO Capital

BMO Capital raised the firm’s price target on DTE Energy (DTE) to $144 from $140 and keeps a Market Perform rating on the shares. The shares briefly sold off Friday following the posting of staff testimony in the company’s electric rate case, the analyst tells investors in a research note. However, the firm views the initial position as better than the implied headline and constructive in parts given staff’s support for extending the infrastructure recovery mechanism at increasing levels, a notable improvement from its position in the previous rate case.