B of A Securities Downgrades WEC Energy Group to Neutral, Lowers Price Target to $86
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has downgraded WEC Energy Group from Buy to Neutral and lowered the price target from $102 to $86. The downgrade was announced by analyst Julien Dumoulin-Smith.
October 17, 2023 | 2:50 pm
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NEGATIVE IMPACT
WEC Energy Group has been downgraded from Buy to Neutral by B of A Securities, with a lowered price target of $86.
The downgrade from Buy to Neutral indicates a less optimistic outlook for WEC Energy Group's stock. The lowered price target from $102 to $86 suggests that the analyst believes the stock is currently overvalued. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100