Keybanc Maintains Overweight Rating for WEC Energy Group: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Keybanc has maintained its Overweight rating for WEC Energy Group (NYSE:WEC) and increased its price target from $94.00 to $95.00. WEC Energy Group's shares are currently trading down at $85.60, which is 1.17% lower than the previous day. The new price target suggests a potential upside of 10.98% from the current share price. WEC Energy Group operates in the electric and gas utility sector, with a diverse asset mix across several states and a stake in American Transmission Co.
January 04, 2024 | 5:00 pm
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Keybanc maintains Overweight rating on WEC Energy Group, raising the price target to $95, indicating a potential 10.98% increase from the current price of $85.60.
The maintenance of an Overweight rating and an increased price target by Keybanc is a positive signal for investors, suggesting that the analyst firm believes WEC has strong fundamentals and potential for growth. This could lead to increased investor confidence and a potential short-term rise in the stock price, aligning with the new price target. However, the actual movement will depend on market conditions and broader investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100