Fly News Breaks for October 21, 2019
DTE
Oct 21, 2019 | 06:26 EDT
BofA/Merrill analyst Julien Dumolin-Smith upgraded DTE Energy to Neutral from Underperform with a $136 price target. The analyst notes that the company's acquisition of midstream assets announced on Friday raises his earnings forecast above the high end of the management's segment guidance relative to its 5-year outlook, even though it is "admittedly dilutive" in the near term. Dumolin-Smith adds that the risk-reward on the stock is now more balanced after the recent share price pressure.
News For DTE From the Last 2 Days