Scotiabank reiterates CMS Energy stock rating on growth outlook

Scotiabank has reiterated its Sector Outperform rating and $78.00 price target for CMS Energy (NYSE:CMS), citing the company's growth outlook and an attractive entry point for long-term returns. Despite recent underperformance and trading near its 52-week low, the firm maintains a bullish stance, highlighting CMS Energy's consistent dividend increases and strategic shift towards utility growth. The company aims for the higher end of its 6-8% earnings per share compound annual growth rate and has