Analysts have been eager to weigh in on the Utilities sector with new ratings on Cenovus Energy (CVE) and DTE Energy (DTE).
Cenovus Energy (CVE)
In a report released yesterday, Manav Gupta from Credit Suisse maintained a Buy rating on Cenovus Energy, with a price target of C$8.00. The company’s shares closed last Wednesday at $4.74.
According to TipRanks.com, Gupta is ranked 0 out of 5 stars with an average return of -8.8% and a 42.0% success rate. Gupta covers the Utilities sector, focusing on stocks such as Par Pacific Holdings, Paramount Resources, and Marathon Petroleum.
Cenovus Energy has an analyst consensus of Moderate Buy, with a price target consensus of $5.58, which is a 16.7% upside from current levels. In a report issued on July 15, RBC Capital also maintained a Buy rating on the stock with a C$7.00 price target.
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DTE Energy (DTE)
In a report released today, Michael Weinstein W. from Credit Suisse maintained a Hold rating on DTE Energy, with a price target of $118.00. The company’s shares closed last Wednesday at $114.12.
According to TipRanks.com, W. is a 5-star analyst with an average return of 21.2% and a 64.0% success rate. W. covers the Utilities sector, focusing on stocks such as Nextera Energy Partners, Pinnacle West Capital, and Consolidated Edison.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for DTE Energy with a $119.00 average price target, which is a 3.5% upside from current levels. In a report issued on July 21, KeyBanc also downgraded the stock to Hold.
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