Barclays Maintains Underweight on WEC Energy Group, Lowers Price Target to $79
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Eric Beaumont has maintained an Underweight rating on WEC Energy Group (NYSE:WEC) and reduced the price target from $82 to $79.
January 22, 2024 | 3:29 pm
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NEGATIVE IMPACT
Barclays has maintained an Underweight rating on WEC Energy Group and lowered the price target from $82 to $79.
The reduction in price target by Barclays, along with the maintenance of an Underweight rating, suggests a bearish outlook on WEC Energy Group's stock. This could lead to negative investor sentiment and a potential decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100