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Fly News Breaks for June 25, 2017
WEC
Jun 25, 2017 | 21:20 EDT
Goldman analyst Michael Lapides downgraded WEC Energy to Sell and trimmed its price target to $58 from $59 due to relative valuation, slowing earnings growth, and regulatory overhangs. The analyst also downgraded the Utilities sector to Cautious from Neutral saying valuations now appear stretched while earnings growth appears relatively normal.
News For WEC From the Last 2 Days
WEC
Apr 19, 2024 | 06:31 EDT
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.