As previously reported, BofA upgraded WEC Energy (WEC) to Neutral from Underperform with a price target of $98, up from $90, to reflect the “constructive” outcome in the recently completed Wisconsin rate case, strong demand growth in Wisconsin, WEC’s “robust” capital spending plan, strong balance sheet and performance record. While the firm continues to watch regulatory proceedings in Illinois, it also notes the “diminishing impact these have on results.”
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Read More on WEC:
- WEC Energy upgraded to Neutral from Underperform at BofA
- WEC Energy price target raised to $110 from $103 at Scotiabank
- WEC Energy Group Reports Strong Growth and Future Plans
- WEC Energy Group Sets New Performance Incentives for 2025
- WEC Energy plans to increase dividend by 6.9%
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
