Confident In Future Growth, Deutsche Bank Raises DTE Energy's PT From $47 To $48 (DTE)

According to a recent report by Deutsche Bank, DTE Energy DTE is expected to meet its earnings growth targets following 1Q results. DTE Management expressed its confidence in its Michigan strategy, citing good relationships with state regulators, as well as the company's earnings forecast. Deutsche Bank explains, “We continue to believe DTE will meet its earnings growth targets but believe that this growth is already priced into the stock and that DTE is fairly valued at current levels.” Deutsche Bank raised DTE's price target from $47 to $48 and maintains its Hold rating. At closing yesterday, DTE was trading at $49.62.