FMP
Jul 15, 2024 1:01 PM - Davit Kirakosyan
Image credit: FMP
BMO Capital analysts raised their price target for DTE Energy (NYSE:DTE) to $123 from $120 while maintaining a Market Perform rating, following a quarterly review that prompted an update of Q2/024 estimate to $1.15, up from $0.99 in the same period last year.
The approximately 16% year-over-year increase is attributed to favorable weather comparisons at DTE Electric, rate relief from the 2023 electric rate case, and contributions from the Infrastructure Recovery Mechanism (IRM). These positives are partly offset by the reversal of 2023's cost control program and a lower contribution from Energy Trading and Marketing (ET&M). Investors' attention is expected to focus on ongoing regulatory proceedings and demand growth during the upcoming call on July 25.
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...
May 16, 2024 8:06 PM - Gordon Thompson
On Thursday, May 16, 2024, Deutsche Bank upgraded its rating on NASDAQ:ASTS to Buy, maintaining a hold position. At the time of the announcement, ASTS was trading at $4.03. This decision was accompanied by an increase in the price target for AST SpaceMobile, raised to $22 from $19, as detailed in a ...
May 24, 2024 9:30 AM - Rajnish Katharotiya
Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...