BMO lowers CMS Energy price target after rate case filing

au.investing.com

BMO Capital lowered its price target for CMS Energy stock to $81 from $82 following a rate case filing by its subsidiary. Consumers Energy requested a $456 million revenue increase, citing reliability and cost recovery needs, with intervenors expressing affordability concerns. The filing includes requests for storm cost recovery and an expanded Investment Recovery Mechanism, while CMS Energy recently reported better-than-expected first-quarter earnings.


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BMO lowers CMS Energy price target after rate case filing | News Minimalist