Analyst Actions: CMS Energy Ests and Target Raised at Credit Suisse; Shares Rise 1%, Off New High

By Staff,

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Analysts at Credit Suisse have raised their earnings estimates for CMS Energy Corporation ( CMS ), while also lifting the price target to $28.50 from $27.50 a share.

says: "Strong Outlook; The Predictable 5-7% Story; Raising Estimates and Target Price to $28.50 (from $27.50)"

Our take:

"CMS held a constructive call (as usual) highlighting their relentlessly predictable story that in our minds puts them in the must-own 'higher growth plus quality' bucket," said Credit Suisse.

The firm added that "CMS remains a top pick for us," citing better than group and visible 5-7% EPS growth plus ~4% dividend yield, and its limited ability to negatively surprise over the foreseeable future.

The firm updated its 2013-15 estimates to $1.65, $1.75, and $1.86 from $1.61, $1.71 and $1.81.

Shares of CMS are up 0.9% to $26.36 in afternoon trade, off the 52-week high of $26.40 set earlier today.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: CMS

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