Mizuho Downgrades CMS Energy to Neutral, Lowers Price Target to $72
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Anthony Crowdell has downgraded CMS Energy from Outperform to Neutral and reduced the price target from $76 to $72.
October 15, 2024 | 11:48 am
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NEGATIVE IMPACT
Mizuho has downgraded CMS Energy from Outperform to Neutral, with a reduced price target of $72, indicating a less optimistic outlook.
The downgrade from Outperform to Neutral by Mizuho suggests a less favorable view on CMS Energy's future performance. The lowered price target from $76 to $72 indicates reduced expectations for the stock's potential upside, which could lead to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100