DTE Energy upgraded to Buy from Hold at Jefferies

Jefferies analyst Julien Dumoulin-Smith upgraded DTE Energy (DTE) to Buy from Hold with a price target of $150, up from $149. The firm now forecasts an 8.1% 2026-30 EPS compound annual growth rate, above DTE’s Q3 guidance at 7.2% and the firm’s prior 7.6% forecast, citing data center opportunities. 1.5GW expected in early 2026, added to the firm’s estimates, gives Jefferies confidence on an 8%-plus CAGR through 2030, the analyst tells investors.