DTE Energy shares are trading lower after BMO Capital maintained a Market Perform rating on the stock and lowered its price target from $125 to $106.
Portfolio Pulse from Benzinga Newsdesk
DTE Energy's shares are trading lower after BMO Capital maintained a Market Perform rating on the stock and lowered its price target from $125 to $106.
October 06, 2023 | 2:13 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
DTE Energy's stock price is expected to be negatively impacted in the short term due to BMO Capital's lowered price target and maintained Market Perform rating.
BMO Capital, a significant market analyst, has maintained a Market Perform rating on DTE Energy's stock and lowered its price target from $125 to $106. This suggests that they expect the stock's performance to be average in the market, and they see less potential for price growth than previously. This can lead to a decrease in investor confidence and a potential drop in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100