Research Disclosures & Disclaimers

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CMS Energy Corp (CMS.N)*

UBS Rating and Price Target History Chart

Line chart explaining Price target vs Stock Price is described in below table

EQ Rating & Price Target Table

Date	Stock Price (US$)	Price Target (US$)	Rating
2022-02-28	64.01	69.00	Neutral
2022-03-11	65.96	72.00	Neutral
2022-03-29	69.41	74.00	Neutral
2022-04-08	72.51	78.00	Neutral
2022-05-03	67.49	72.00	Neutral
2022-08-05	67.61	76.00	Neutral
2022-10-19	55.63	61.00	Neutral
2022-10-28	57.92	63.00	Neutral
2022-11-11	58.42	66.00	Neutral
2022-12-09	62.22	69.00	Neutral
2022-12-16	61.91	70.00	Neutral
2023-01-06	64.44	69.00	Neutral
2023-02-13	61.62	66.00	Neutral
2023-03-03	59.84	65.00	Neutral
2023-03-17	61.34	67.00	Neutral
2023-05-26	57.10	63.00	Neutral
2023-06-06	59.29	68.00	Buy
2023-06-23	58.59	69.00	Buy
2023-07-21	62.89	71.00	Buy
2023-08-18	56.93	65.00	Buy
2023-09-08	55.97	64.00	Buy
2023-09-22	56.37	66.00	Buy
2023-10-04	52.28	59.00	Buy
2023-10-13	54.02	61.00	Buy
2024-02-23	57.70	65.00	Buy
2024-04-04	59.27	65.00	Neutral
2024-04-19	59.55	64.00	Neutral
2024-05-10	62.93	69.00	Neutral
2024-05-24	61.43	67.00	Neutral
2024-06-21	59.55	66.00	Neutral
2024-07-19	61.34	69.00	Neutral
2024-09-06	68.01	74.00	Neutral
2024-10-07	69.77	75.00	Neutral
2024-10-18	71.29	76.00	Neutral
2024-11-15	68.23	75.00	Neutral
2024-12-18	65.85	74.00	Neutral
2025-03-07	73.08	77.00	Neutral
2025-03-20	73.69	80.00	Neutral
2025-05-16	71.47	79.00	Neutral

Disclosures

UBS Securities LLC makes a market in the securities and/or ADRs of this company.
UBS holds a long or short position of 0.5% or more of the listed shares of this company.

Note : Historical Price Targets have been adjusted to account for any stock splits, rights issues and/or dividends which may have occurred for this security. Not Priced: Stock was not priced on the given date. No Rating: Issuer was not rated by UBS on the given day. No Price Target: For this issuer no Price Target was set by UBS on the given day. Issuers with an EQ Rating & Price Target Table are covered by UBS-IB Equity Research Analysts. Issuers without an EQ Rating & Price Target Table are not single stock covered.

* Issuers marked with an asterisk are covered by UBS-IB Equity Research Analysts. Issuers without an asterisk are not single stock covered.