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Fly News Breaks for September 14, 2015
WEC
Sep 14, 2015 | 07:38 EDT
Argus upgraded Wisconsin Energy to Buy with a $52 price target based on the company's earnings and growth prospects. The firm said Wisconsin Energy is the largest utility in the Midwest following the recently completed acquisition of Integrys Energy and raised its long-term earnings growth target to 5%-7% from 4%-6%. The firm expects the dividend to growth along with earnings as management is targeting a 65%-75% payout ratio.
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