WEC Energy price target lowered to $103 from $106 at BofA

BofA lowered the firm’s price target on WEC Energy to $103 from $106 and keeps a Buy rating on the shares following "a clean Q1 print." Management remarks on the call largely centered around pending regulatory matters and the biggest focus for investors currently is Illinois natural gas, where both utilities representing $5B of rate base have cases in the early stages, says the firm, which recommends that investors "watch May 9 for initial testimony."