Mizuho Maintains Buy on WEC Energy Group, Lowers Price Target to $88
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Anthony Crowdell has maintained a Buy rating on WEC Energy Group (NYSE:WEC) but has reduced the price target from $98 to $88.

November 21, 2023 | 12:23 pm
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NEUTRAL IMPACT
Mizuho analyst maintains a Buy rating on WEC Energy Group but lowers the price target from $98 to $88, indicating a potential upside but with caution.
The maintenance of a Buy rating suggests a positive outlook on WEC Energy Group's stock, indicating that the analyst sees potential for growth or a positive performance in the short term. However, the reduction in the price target could signal a tempered expectation of the stock's growth potential or a response to recent market conditions or company performance that may not be as favorable as previously thought. This could lead to a neutral short-term impact as investors digest both the continued endorsement and the lowered expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100