Wells Fargo Maintains Overweight on WEC Energy Group, Lowers Price Target to $104
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Neil Kalton has maintained an Overweight rating on WEC Energy Group (NYSE:WEC) but lowered the price target from $106 to $104.
August 04, 2023 | 11:13 am
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NEUTRAL IMPACT
WEC Energy Group's price target has been lowered by Wells Fargo from $106 to $104, though the Overweight rating is maintained.
The news is directly about WEC Energy Group. While the Overweight rating is maintained, which is positive, the lowering of the price target might have a neutral to slightly negative impact on the stock in the short term as it indicates a lower expected return.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100