Barclays Maintains Overweight Rating for DTE Energy: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Barclays has maintained its Overweight rating for DTE Energy (NYSE:DTE) but lowered its price target from $113.00 to $112.00. DTE Energy's shares have fallen by 1.19% in the last 24 hours to $105.11. The new price target suggests a potential upside of 6.56%. DTE Energy operates primarily in Michigan, with the majority of its earnings coming from its regulated utilities, DTE Electric and DTE Gas, alongside nonutility businesses.
February 13, 2024 | 5:00 pm
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Barclays maintains Overweight rating on DTE Energy, lowers price target from $113 to $112. Shares currently down 1.19% at $105.11.
The maintenance of an Overweight rating by Barclays indicates a positive outlook on DTE Energy, despite the slight reduction in the price target. This suggests confidence in the company's fundamentals and growth prospects. The current dip in share price may present a buying opportunity for investors, anticipating a rebound towards the new price target. The high relevance and importance are due to the direct impact of analyst ratings and price targets on investor sentiment and stock performance in the short term.
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