Scotiabank Maintains Sector Outperform on WEC Energy Group, Lowers Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Andrew Weisel has maintained a Sector Outperform rating on WEC Energy Group (NYSE:WEC), while lowering the price target from $96 to $90.

April 22, 2024 | 6:35 pm
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Scotiabank maintains a Sector Outperform rating on WEC Energy Group, but lowers the price target from $96 to $90.
While the reduction in price target could suggest a tempered outlook on WEC Energy Group's stock price potential, the maintenance of a Sector Outperform rating indicates a continued positive view on the company's performance relative to its sector. This mixed signal could lead to neutral short-term price movement as investors weigh the lowered price target against the positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100