Where CMS Energy Stands With Analysts
Portfolio Pulse from Benzinga Insights
Over the past 3 months, 8 Wall Street analysts have provided ratings for CMS Energy (NYSE:CMS), with an average 12-month price target of $59.62, a decrease from the previous target of $62.71. The ratings include 1 bullish, 3 somewhat bullish, and 4 indifferent. No bearish ratings were reported. Analysts' ratings are based on company financials, future earnings predictions, and company risk profile, and are updated quarterly or after major company events.
December 01, 2023 | 8:00 pm
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NEUTRAL IMPACT
CMS Energy's stock may see a short-term impact due to the updated analyst ratings and the lowered average price target of $59.62. The lack of bearish ratings suggests a generally positive outlook among analysts.
Analyst ratings can influence investor sentiment and stock prices in the short term. The decrease in the average price target may cause some concern among investors, but the overall positive ratings (with more bullish and somewhat bullish than indifferent and no bearish) could balance the impact, leading to a neutral score. The relevance is 100 as the article is directly about CMS Energy. The importance is set at 75 because analyst ratings are significant but not the only factor affecting stock prices. The confidence level is 90, acknowledging the general influence of analyst ratings on market perception.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100