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Morgan Stanley Trims CMS Energy (CMS) Target While Keeping Equal Weight Rating
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The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational. CMS Energy Corporation (NYSE:CMS) is included among the Billionaire George Soros Stock Portfolio: 10 Best Stocks to Buy. On May 21, Morgan Stanley lowered its price recommendation on CMS Energy Corporation (NYSE:CMS) to $77 from $81. It reiterated an Equal Weight rating on the shares. The analyst said the firm updated its price targets for North American Regulated & Diversified Utilities and Independent Power Producers (IPPs) for April. Morgan Stanley also noted that utilities underperformed the S&P 500 during the month. On May 18, Truist lowered its price target on CMS to $83 from $86. It kept a Buy rating on the stock. The move was part of a broader update to the firm’s Power and Utilities models ahead of the American Gas Association’s Financial Forum. According to Truist, the utility sector is now in its third year of the data center expansion cycle, with investment levels continuing to rise alongside growth expectations. The firm believes vertically integrated electric utilities are among the biggest beneficiaries because they are building the infrastructure needed to support increasing power demand from data centers. CMS Energy Corporation (NYSE:CMS) is an energy company that primarily operates in Michigan. The company conducts its business through three main segments: Electric Utility, Gas Utility, and NorthStar Clean Energy. While we acknowledge the potential of CMS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Reddit Stocks to Buy According to Billionaires and 10 Safe Stocks to Buy for the Long Term in 2026 Disclosure: None. Follow Insider Monkey on Google News.
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