Benzinga - by Priya Nigam, Benzinga Staff Writer.
Following the recent volatility in the utilities space, KeyBanc Capital Markets analysts changed ratings and forecasts on several stocks, including some that were considered value stocks.
“Given the deep dislocation that we're witnessing in the space, we advise investors to focus on higher quality names, which currently can be picked up at historically low valuation,” analyst Sophie Karp wrote in the note.
Rating Upgrades
- CMS Energy Corporation (NYSE: CMS): From Sector Weight to Overweight, with a price target of $57.
- DTE Energy Co (NYSE: DTE): From Sector Weight to Overweight, with a price target of $106.
- CenterPoint Energy Inc (NYSE: CNP): From Sector Weight to Overweight, with a price target of $29.
- Pinnacle West Capital Corporation (NYSE: PNW): From Underweight to Sector Weight, while removing the price target.
- Entergy Corp (NYSE: ETR): From Sector Weight to Overweight, with a price target of $97.
Check out other analyst stock ratings.
Reiterations With Forecast Changes
- Xcel Energy Inc (NASDAQ: XEL): Overweight rating, while reducing the price target from $71 to $62.
- WEC Energy Group Inc (NYSE: WEC): Overweight rating, while reducing the price target from $102 to $94.
- Ameren Corp (NYSE: AEE): Overweight rating, while reducing the price target from $91 to $82.
- Duke Energy Corp (NYSE: DUK): Overweight rating, while reducing the price target from $109 to $96.
- FirstEnergy Corp (NYSE: FE): Overweight rating, while reducing the price target from $45 to $41.
Rating Downgrades
- NextEra Energy Inc (NYSE: NEE): From Overweight to Sector Weight, while removing the price target.
Read Next: Wall Street's Most Accurate Analysts Say Hold These 3 Utilities Stocks With Over 5% Dividend Yields
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