Forecasting The Future: 7 Analyst Projections For WEC Energy Group
Portfolio Pulse from Benzinga Insights
Analysts have updated their ratings and price targets for WEC Energy Group (NYSE:WEC), with 7 different analysts offering varied perspectives. The average 12-month price target is now $85.86, down from $88.29. Analyst actions include both downgrades and upgrades, with price targets ranging from $78.00 to $95.00. WEC Energy Group operates in the utility sector, serving customers in several states and owning a stake in American Transmission Co. Despite a recent revenue decline, the company has a strong market position, efficient cost management, and healthy financial metrics such as a high net margin and ROE.
January 22, 2024 | 5:01 pm
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WEC Energy Group has received mixed analyst ratings with some downgrades and upgrades, and a lowered average price target of $85.86. The company's strong financial health and market position may buffer negative impacts.
The mixed analyst ratings and the slight decrease in the average price target suggest uncertainty, but the company's strong financial metrics and market position could provide stability to the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100