Guggenheim Upgrades CMS Energy to Buy, Raises Price Target to $64
Portfolio Pulse from Benzinga Newsdesk
Guggenheim analyst Shahriar Pourreza upgraded CMS Energy (NYSE:CMS) from Neutral to Buy and increased the price target from $60 to $64, indicating a positive outlook on the company's stock.
February 02, 2024 | 12:44 pm
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POSITIVE IMPACT
CMS Energy was upgraded by Guggenheim from Neutral to Buy, with a price target increase from $60 to $64, suggesting a bullish stance on the stock.
The upgrade from Neutral to Buy by a reputable analyst at Guggenheim, along with a higher price target, signals a strong confidence in CMS Energy's future performance. This is likely to positively influence investor sentiment and potentially lead to a short-term increase in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100