Scotiabank Maintains Sector Outperform on DTE Energy, Lowers Price Target to $120
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Andrew Weisel maintains a Sector Outperform rating on DTE Energy (NYSE:DTE) but lowers the price target from $129 to $120.

April 22, 2024 | 5:58 pm
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NEUTRAL IMPACT
Scotiabank maintains a Sector Outperform rating on DTE Energy but lowers the price target from $129 to $120.
While the reduction in price target could suggest a slightly less optimistic view on DTE Energy's stock price potential, the maintenance of a Sector Outperform rating indicates a continued positive outlook on the company's performance relative to its sector. The adjustment in price target reflects a recalibration of expectations, possibly due to market conditions or company-specific factors, but the overall positive stance is unchanged. This could lead to a neutral short-term impact on the stock as investors weigh the lowered price target against the reaffirmed positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100