Guggenheim upgraded DTE Energy (DTE) to Buy from Neutral with a price target of $135, up from $129. The firm, which shuffled ratings in the utilities sector, argues that the group is “oversold, undervalued” and should outperform in 2025. In its ratings reworking, the firm upgraded six stocks to Buy and downgraded four to Neutral, adding that utilities are “not an interest rate call, not a yield call… it’s a GARP call,” describing the sector as offering “growth at a reasonable price.”
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DTE:
- DTE Energy price target lowered to $136 from $141 at Evercore ISI
- T-Mobile (TMUS) Board Member Loads Up on Company Stock
- DTE Energy price target raised to $147 from $137 at Scotiabank
- GE Vernova initiated, Merck upgraded: Wall Street’s top analyst calls
- DTE Energy downgraded to Sector Weight from Overweight at KeyBanc