The US utility sector is performing well, with DTE Energy (DTE.US) having its target price raised by Morgan Stanley to $140.

Wisdom Finance APP learned that Morgan Stanley analyst David Arcaro has raised the target price of DTE Energy (DTE.US) from $138 to $140, while maintaining a "buy" rating. The firm is updating the target prices of regulated and diversified utilities/independent power producer sector stocks in North America, and highlights that these utility companies performed better than the S&P index in July. It is worth noting that the firm believes nuclear power has long-term advantages, but the market has not fully recognized this at the moment.