Mizuho downgrades CMS Energy to 'neutral', cuts PT
** Shares of utility firm CMS Energy CMS.N fall marginally to $69.60 premarket
** Brokerage Mizuho Securities downgrades stock to "neutral" from "outperform"; cuts PT to $72 from $76
** New PT implies a 3% discount to stock's last close
** Mizuho sees limited opportunity for significant multiple upside from current levels
** "Consensus estimates already reflect growth at the top of the guidance range... we do not believe meaningful upside to estimates is likely in the future, barring a change to the guidance range, which we also view as unlikely" - Mizuho
** Nine out of 19 brokerages rate stock "buy" or higher and 10 rate it "hold"; their median PT is $72 - LSEG
** As of last close, stock has gained 20.3% YTD
Reporting by Vallari Srivastava in Bengaluru
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