BofA analyst Julien Dumoulin-Smith lowered the firm’s price target on WEC Energy to $84 from $86 and keeps a Neutral rating on the shares. The firm has updated its forecast to reflect the latest capital plan as well as the recent orders from the Illinois Corporation Commission in the People’s Gas and North Shore Gas rate cases, the analyst tells investors. The firm also updated its sum of the parts valuation to mark to market to the latest peer multiples.
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