- The shares of DTE Energy Co (NYSE: DTE) have received a $126 price target from JPMorgan. These are the details.
The shares of DTE Energy Co (NYSE: DTE) have received a $126 price target from JPMorgan. And JPMorgan analyst Jeremy Tonet downgraded DTE Energy to a “Neutral” rating from an “Overweight” rating.
Tonet said that they are continuing to look favorably upon the company’s utility operations, but believes the lack of clarity surrounding its coal-fired power plants retirement pull forward could weigh on the shares.
Going forward, Tonet sees more attractive opportunities elsewhere in the sector.
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