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Benzinga
Benzinga
Business
Priya Nigam

DTE Energy Analyst Turns Bearish, Blames 'Today's Risk-On Macro Environment'

Detroit,,Michigan,,Usa,-,December,26,,2021:,Dte,Headquarters,In

DTE Energy Co (NYSE:DTE) is set to report quarterly results on October 23, but analysts see limited upside, with Scotiabank's Andrew Weisel downgrading the stock from Outperform to Sector Perform and setting a $147 price target.

The DTE Energy Thesis: "Investors are less interested in defensive stocks like DTE in today's risk-on macro environment," Weisel said in the downgrade note.

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