BMO Capital analyst James Thalacker raised the firm’s price target on DTE Energy (DTE) to $142 from $135 and keeps a Market Perform rating on the shares ahead of its Q1 results. The firm expects a quiet quarter with a focus on the company’s electric rate case, tariff exposure across its subsidiaries, and/or at-risk elements of an IRA phase out/repeal and its impact on customer rates/growth, as well as any updates on DC demand and related investment opportunities, the analyst tells investors in a research note.
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