Mizuho Maintains Buy on WEC Energy Group, Lowers Price Target to $86
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 $88 to $86.
December 18, 2023 | 5:01 pm
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Mizuho has maintained a Buy rating on WEC Energy Group but lowered the price target from $88 to $86, indicating a positive outlook with a slightly reduced growth expectation.
The maintenance of a Buy rating suggests that Mizuho's outlook on WEC Energy Group remains positive, indicating an expectation of performance that will outpace the market or the analyst's sector benchmark. However, the reduction in the price target could reflect a slight tempering of growth expectations, possibly due to market conditions, regulatory factors, or company-specific events. This news is likely to have a neutral to mildly positive impact on the stock in the short term as it reaffirms investor confidence but also adjusts expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100