WEC Energy price target raised to $96 from $95 at KeyBanc

KeyBanc raised the firm’s price target on WEC Energy to $96 from $95 and keeps an Overweight rating on the shares. 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 analyst tells investors in a research note. The firm believes WEC continues to warrant the premium it trades at relative to peers given its operational execution and confidence in the narrow long-term growth rate.