Analyst Actions: DTE Energy PT Raised $4 at Credit Suisse, Keeps Outperform; Shares Edge Lower

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Analysts at Credit Suisse have lowered their 2013 earnings estimates for DTE Energy Company (DTE, however, they raised their price target on the stock to $70 from $66 a share.

"DTE held an upbeat earnings call with a notable tone of confidence in achieving their 5-6% EPS growth at least through the 2017 guidance period," said Credit Suisse.

"We reiterate our Outperform rating believing DTE offers a differentiated and premium story through visible regulated 5-6% EPS growth while keeping customer bills flat-to-falling at least through 2015; healthy midstream opportunities through the end of the decade that are expected to spur additional growth and increase the value of existing pipe and storage assets; and low risk 10-year earnings through REF operations."


The firm has updated their 2013-15 estimates to $4.03 (from $4.07), $4.30, and $4.67.

Shares of DTE are down 0.4% to $64.61, which is in the high end of the stock's 52-week range of $53.59 - $65.37.



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

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This article appears in: Investing , Commodities

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