There’s a lot to be optimistic about in the Utilities sector as 2 analysts just weighed in on Waste Management (WM – Research Report) and DTE Energy (DTE – Research Report) with bullish sentiments.
Waste Management (WM)
In a report released today, Tobey Sommer from Truist Financial reiterated a Buy rating on Waste Management, with a price target of $190.00. The company’s shares closed last Thursday at $164.09.
According to TipRanks.com, Sommer is a 5-star analyst with an average return of 14.0% and a 63.9% success rate. Sommer covers the Industrial Goods sector, focusing on stocks such as Heritage-Crystal Clean, Science Applications, and Heidrick & Struggles.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Waste Management with a $175.50 average price target.
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DTE Energy (DTE)
Mizuho Securities analyst Anthony Crowdell reiterated a Buy rating on DTE Energy today and set a price target of $120.00. The company’s shares closed last Thursday at $113.22.
According to TipRanks.com, Crowdell is a 3-star analyst with an average return of 2.8% and a 58.6% success rate. Crowdell covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Brookfield Renewable Partners, and American Electric Power.
DTE Energy has an analyst consensus of Moderate Buy, with a price target consensus of $122.14, implying an 8.3% upside from current levels. In a report issued on June 6, UBS also upgraded the stock to Buy with a $124.00 price target.
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