Barclays Maintains Underweight on WEC Energy Group, Raises Price Target to $82
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Eric Beaumont has maintained an Underweight rating on WEC Energy Group (NYSE:WEC) but increased the price target from $81 to $82.

December 05, 2023 | 12:05 pm
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NEUTRAL IMPACT
Barclays maintains an Underweight rating on WEC Energy Group but raises the price target from $81 to $82.
The increase in price target by Barclays may provide a slight positive sentiment, but the Underweight rating suggests that Barclays analysts believe WEC may underperform the sector or the overall market. The impact is likely to be neutral to slightly positive in the short term as the market digests the mixed signals of a higher price target with an Underweight rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100