KeyBanc raised the firm’s price target on WEC Energy (WEC) to $123 from $110 and keeps an Overweight rating on the shares. The firm notes WEC is led by a strong management team that has demonstrated an ability to execute on its plan and consistently deliver near the top of its guidance range. The WI regulatory jurisdiction has historically been constructive, and the state offers solid growth prospects. Given its operational execution and confidence in the narrow long-term growth rate, KeyBanc believes WEC continues to warrant a premium relative to peers.
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>>
Read More on WEC:
- WEC Energy price target raised to $122 from $117 at UBS
- WEC Energy price target raised to $129 from $115 at Scotiabank
- WEC Energy Group Positioned for Growth with Datacenter Expansion and Regulatory Support
- WEC Energy initiated with a Buy at Citi
- WEC Energy Group: Hold Rating Amid Capital Expenditure Uncertainties and Modest Valuation Upside