Fly Intel: Top five analyst upgrades » 09:5209/1709/17/21
MCW, ACCD, DTE, ZI, SIVB
Catch up on today's…
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Mister Car Wash (MCW) upgraded to Buy from Neutral at BofA with analyst Elizabeth Suzuki saying she views Mister Car Wash as "a well-run company" positioned to benefit from several themes, including a gradual recovery in miles driven, protection against online disruptors and vehicle electrification, and industry consolidation favoring larger chains. 2. Accolade (ACCD) upgraded to Outperform from Neutral at Baird with analyst Vikram Kesavabhotla saying the company is positioned for a potential upward estimate revision cycle and catalyst opportunities that could present incremental upside. 3. DTE Energy (DTE) upgraded to Outperform from In Line at Evercore ISI with analyst Durgesh Chopra saying the midstream assets spinoff completed in July positions DTE as largely a pure play regulated company. 4. ZoomInfo (ZI) upgraded to Overweight from Equal Weight at Barclays with analyst Raimo Lenschow seeing a more attractive valuation after moving to 2023 estimates. 5. SVB Financial (SIVB) upgraded to Outperform from Neutral at Wedbush with analyst David Chiaverini saying SVB has reported several consecutive blowout quarters, driven by its emphasis on banking the innovation economy, especially the tech and life sciences industries, which have thrived throughout the pandemic. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
Evercore upgrades DTE Energy to Outperform on multiple expansion potential » 08:1809/1709/17/21
As previously reported,…
As previously reported, Evercore ISI analyst Durgesh Chopra upgraded DTE Energy to Outperform from In Line with a price target of $127, up from $119. The midstream assets spinoff completed in July positions DTE as largely a pure play regulated company, said Chopra, who thinks a combination of above-average earnings growth and "a top tier regulatory jurisdiction in Michigan" positions the stock for an expanded multiple. The analyst, who forecasts 2023 EPS at $6.25, notes this would equate to growth towards the high end of DTE's targeted 5%-7% consolidated EPS growth rate.
DTE Energy upgraded to Outperform from In Line at Evercore ISI » 06:2509/1709/17/21
Evercore ISI analyst…
Evercore ISI analyst Durgesh Chopra upgraded DTE Energy to Outperform from In Line with a $127 price target.
Detroit Thermal enrolls in DTE Energy's MIGreenPower program » 08:0109/1509/15/21
Detroit Thermal announced…
Detroit Thermal announced the company's enrollment in DTE's MIGreenPower program. One of the largest voluntary renewable energy programs in the United States, MIGreenPower enables DTE Electric customers to attribute a greater percentage of their energy use to Michigan-made wind and solar beyond the 15% DTE already provides. Detroit Thermal will gradually increase its MIGreenPower enrollment to attribute 100% of its electric usage to renewable resources by 2030. The company's commitment will ultimately offset the carbon dioxide equivalent of greenhouse gas emissions from over 1,000 passenger vehicles driven for a year.
|Over a week ago|
Fly Intel: Top five analyst downgrades » 09:5409/0109/01/21
FB, DTE, AMC, RDI, CNI, KSU
Catch up on today's…
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Facebook (FB) downgraded to Neutral from Buy at Rosenblatt with analyst Mark Zgutowicz saying Apple's (AAPL) IDFA changes "took away its trump card" and "inadvertently brightens the spotlight" on ad share momentum shift from Facebook to Gen-Z favored short video apps. 2. DTE Energy (DTE) downgraded to Equal Weight from Overweight at Wells Fargo with analyst Neil Kalton saying "this is a valuation call" with the stock outperforming the S&P Utilities index by 700 basis points year-to-date. 3. AMC Entertainment (AMC) downgraded to Underperform from Neutral at Macquarie with analyst Chad Beynon saying he is concerned with the number of mid-tier release movies. 4. Reading International (RDI) downgraded to Neutral from Outperform at Macquarie with analyst Chad Beynon saying he reducing his second half, 2022 and 2023 domestic box office estimates, which affects his revenue estimate, Beynon tells investors. 5. Canadian National (CNI) and Kansas City Southern (KSU) downgraded to Hold from Buy at Loop Capital with analyst Rick Paterson citing yesterday's decision from the Surface Transportation Board against the former in pursuit of the latter. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
DTE Energy announces $70M investment to combat weather-related power outages » 09:2209/0109/01/21
DTE Energy announced an…
DTE Energy announced an incremental $70 million investment to combat extreme weather-related power outages. The plan will direct additional funds to remove trees and trim branches away from power lines. Trees are responsible for almost all of the time DTE customers are without power during extreme high wind events. In areas where tree trimming has been completed, communities have experienced, on average, 60% fewer outages.The $70 million is on top of the $190 million DTE currently spends on tree trimming every year. The investment will not impact customers' bills. The DTE service area experienced five tornadoes this summer and eight storms with tropical force wind gusts of 39 to 74 miles per hour. High winds and extreme moisture in the ground uprooted trees which pulled down wires and poles. For example, DTE crews replaced 450 broken poles resulting from the Aug. 11 catastrophic storm that caused more than 500,000 customers to lose power. The plan, which adds $70 million to DTE's annual $190 million tree trimming program, was filed yesterday with the Michigan Public Service Commission.
DTE downgraded to Equal Weight on valuation at Wells Fargo » 06:3409/0109/01/21
Wells Fargo analyst Neil…
Wells Fargo analyst Neil Kalton downgraded DTE Energy to Equal Weight from Overweight with an unchanged price target of $128. The analyst says "this is a valuation call" with the stock outperforming the S&P Utilities index by 700 basis points year-to-date. The strong relative performance reflects investor enthusiasm for DTE's simplifications strategy and continued strong execution at the core regulated utility franchises, Kalton tells investors in a research note.
DTE Energy downgraded to Equal Weight from Overweight at Wells Fargo » 06:3209/0109/01/21
Wells Fargo analyst Neil…
Wells Fargo analyst Neil Kalton downgraded DTE Energy to Equal Weight from Overweight.
|Over a month ago|
DTE Energy price target raised to $126 from $123 at Mizuho » 06:4708/0508/05/21
Mizuho analyst Anthony…
Mizuho analyst Anthony Crowdell raised the firm's price target on DTE Energy to $126 from $123 and keeps a Buy rating on the shares post the Q2 results.
DTE Energy management to meet virtually with Mizuho » 04:5508/0408/04/21
Virtual Meetings to be…
Virtual Meetings to be held on August 3-4 hosted by Mizuho.