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StocksMediumUpdated×3•Originally published 16 April 2026•Updated 17 April 2026•

1 min read

Jefferies Raises Price Targets for Utility Firms on Data Center Growth and Capital Plans

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Key Facts

1Jefferies raised DTE Energy's (DTE) price target to $170 with a 'Buy' rating, driven by data center opportunities.

about 2 months ago

Version History

Version 3about 2 months ago

What changed: Added Ladenburg Thalmann's price target hike for DTE, technical details of the 1GW Google agreement involving solar/storage, and UBS's highlight of DTE as a top dividend stock.

Version 2about 2 months ago

What changed: The story was updated to include Morgan Stanley's price target increase for AstraZeneca based on clinical trial success and Jefferies' adjustment for Hawaiian Electric following legal settlement progress.

Version 1about 2 months ago

What changed: Jefferies expanded its positive outlook on the utilities sector by raising the price target for American Electric Power (AEP), citing a robust $72 billion capital plan and strategic infrastructure projects.

Analysts have intensified their bullish outlook on DTE Energy (DTE) following details of its landmark agreement with Google to power a 1-gigawatt data center using solar generation and battery storage projects. Ladenburg Thalmann raised its price target for DTE to $165.50 from $141.50, maintaining a 'Buy' rating, while Jefferies holds a $170 target. Additionally, UBS highlighted DTE as a high-quality dividend stock, further boosting investor sentiment. In the broader sector, Morgan Stanley raised AstraZeneca's (AZN) target to $220 following positive Phase III trial results for its oncology treatments. Jefferies also increased its target for American Electric Power (AEP) to $152, citing its massive $72 billion capital plan. Meanwhile, Hawaiian Electric (HE) saw its target adjusted to $13.75 as wildfire settlement talks progress, reflecting a complex but recovering utility landscape.