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DTE Energy price target lowered to $136 from $141 at Evercore ISI
The Fly

DTE Energy price target lowered to $136 from $141 at Evercore ISI

Evercore ISI lowered the firm’s price target on DTE Energy (DTE) to $136 from $141 and keeps an Outperform rating on the shares. The firm maintains a positive outlook for the power and utilities group, saying improving fundamentals and a favorable valuation backdrop should support outperformance through the first half of 2025. Factors such as inflation moderating, potential future interest rate cuts, and rising electricity demand are expected to act as tailwinds, the analyst tells investors in a research note. Evercore anticipates elevated investment in utility infrastructure, particularly driven by data centers, with more deals and announcements expected in 2025. It upgraded four names after rolling out 2024 earnings forecasts.

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