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Fly News Breaks for May 23, 2018
WEC
May 23, 2018 | 06:13 EDT
BofA/Merrill analyst Julien Dumoulin-Smith upgraded WEC Energy and trimmed its price target to $65 from $67 ahead of a capex acceleration into the EEI conference this fall and a potential delay in its next Wisconsin rate case. The analyst said WEC is increasing its gas capex mix, which should add to incremental opportunities, driven by FoxConn facility, wind, and solar & electric distribution capex.
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