Beyond The Numbers: 9 Analysts Discuss WEC Energy Group Stock
Portfolio Pulse from Benzinga Insights
Analysts have provided various ratings for WEC Energy Group (NYSE:WEC) in the last quarter, with an average 12-month price target of $87.22, a decrease from the previous $91.50. Ratings range from bullish to somewhat bearish, with no bearish ratings. Analyst actions include both raised and lowered price targets and ratings. WEC Energy Group operates in the electric and gas utility sector and has shown strong financial performance with a high net margin and ROE, but faced a slight revenue decline in the last 3 months.
December 18, 2023 | 6:00 pm
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NEUTRAL IMPACT
WEC Energy Group received mixed analyst ratings and a lowered average price target of $87.22. Despite a revenue decline, the company maintains strong financial metrics like net margin and ROE.
The mixed analyst ratings and the slight decrease in the average price target suggest a neutral short-term impact on WEC's stock price. The strong financial performance indicators like net margin and ROE could counterbalance the negative sentiment from the revenue decline and support the stock's stability.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100