Barclays analyst Nicholas Campanella lowered the firm’s price target on WEC Energy to $75 from $79 and keeps an Underweight rating on the shares. The company’s 2024 earnings guide “highlights cracks in the premium story” with planned renewable acquisitions pending to offset the Illinois rate impact, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on WEC: