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Analysts Are Bullish on These Utilities Stocks: CMS Energy (CMS), PPL (PPL)

Tipranks - Sat Jun 6, 1:16PM CDT

There’s a lot to be optimistic about in the Utilities sector as 2 analysts just weighed in on CMS Energy (CMS) and PPL (PPL) with bullish sentiments.

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CMS Energy (CMS)

In a report released yesterday, Marie Ferguson from Argus Research maintained a Buy rating on CMS Energy, with a price target of $80.00. The company’s shares closed last Friday at $72.12, close to its 52-week high of $75.06.

According to TipRanks.com, Ferguson is a 4-star analyst with an average return of 6.3% and a 59.6% success rate. Ferguson covers the Utilities sector, focusing on stocks such as Pinnacle West Capital, Edison International, and Alliant Energy. ;'>

CMS Energy has an analyst consensus of Moderate Buy, with a price target consensus of $80.82, implying a 14.2% upside from current levels. In a report issued on June 3, Bank of America Securities also maintained a Buy rating on the stock with a $88.00 price target.

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PPL (PPL)

In a report released today, James Thalacker from BMO Capital maintained a Buy rating on PPL, with a price target of $39.00. The company’s shares closed last Friday at $35.72, close to its 52-week high of $35.97.

According to TipRanks.com, Thalacker is a 5-star analyst with an average return of 13.2% and a 66.4% success rate. Thalacker covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Public Service Enterprise, and American Electric Power. ;'>

Currently, the analyst consensus on PPL is a Strong Buy with an average price target of $41.67, a 18.1% upside from current levels. In a report released today, TipRanks – Google also upgraded the stock to Buy with a $39.00 price target.

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