DTE Energy placed on ‘Positive Catalyst Watch’ at JPMorgan

JPMorgan analyst Jeremy Tonet placed a “Positive Catalyst Watch” on shares of DTE Energy (DTE) while keeping a Neutral rating on the name with a $142 price target into the next Michigan Public Service Commission meeting on November 7. The firm expects the meeting to produce a constructive rate order for DTE Gas’s distribution rate case and effectively narrow DTE’s current valuation discount to CMS Energy.