Ameren price target lowered to $86 from $94 at Wells Fargo

Wells Fargo analyst Neil Kalton lowered the firm’s price target on Ameren to $86 from $94 and keeps an Overweight rating on the shares. Wells Fargo thinks Ameren will be able to manage around a potentially disappointing outcome from the Illinois Multi-Year Rate Plan proceeding, the analyst tells investors in a research note.