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Fly News Breaks for August 27, 2019
WEC
Aug 27, 2019 | 07:26 EDT
Wells Fargo analyst Neil Kalton raised his price target for WEC Energy to $102 from $93 after the company announced a 2-year partial settlement with the Citizens Utility Board of WI and the Wisconsin Industrial Energy Group in the pending WI rate filing for WE, WG and WPS. The analyst considers the settlement to be constructive and highly supportive of the company's 2019-2023 EPS CAGR guidance of 5%-7%. Kalton reiterates an Outperform rating on the shares.
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