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Fly News Breaks for September 4, 2019
WEC
Sep 4, 2019 | 08:51 EDT
Guggenheim analyst Shahriar Pourreza downgraded WEC Energy to Neutral from Buy, stating that she now believes the valuation has "finally become harder to justify" with the stock up 41% year-to-date. While she still views the underlying fundamentals as sound and thinks WEC lacks "many of the other drags we see in our coverage universe," Pourreza does not see additional near-term potential catalysts that would justify a further upward rerating of the stock, she tells investors.
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