DTE Energy (DTE) NewsBite - DTE Upgraded By Morgan Stanley

DTE Energy (DTE) was upgraded today by analysts at Morgan Stanley and the stock is now at $38.17, up $.27 (0.71%) on volume of 1,027,350 shares traded. The stock is trading up near a new 52 week high today after Morgan Stanley upgraded the stock today to Overweight from Equal Weight and lifted its price target on the stock to $39 from $34.50. Over the last 52 weeks the stock has ranged from a low of $23.32 in March to a high of $38.79 in November. DTE Energy stock has been showing support around $35.34 and resistance in the $39.78 range. Technical indicators for the stock are neutral and S&P gives DTE a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on DTE the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 35 range.

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