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CMS Energy price target raised to $70 from $68 at Argus

Argus raised the firm’s price target on CMS Energy to $70 from $68 and keeps a Buy rating on the shares. The company’s Q1 earnings beat was aided by rate increases and lower maintenance costs, while its management has also recently signaled confidence in the company’s long-term outlook with a dividend hike of 6%, the analyst tells investors in a research note.

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