Barclays Maintains Underweight on WEC Energy Group, Raises Price Target to $89
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Eric Beaumont maintains an Underweight rating on WEC Energy Group but raises the price target from $86 to $89.
October 08, 2024 | 5:52 pm
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Barclays analyst Eric Beaumont maintains an Underweight rating on WEC Energy Group, indicating a cautious outlook, but raises the price target from $86 to $89, suggesting a slight positive adjustment in valuation.
The Underweight rating suggests a cautious stance, indicating that the stock may underperform relative to the market. However, the increase in the price target from $86 to $89 suggests a slight improvement in the analyst's valuation of the company. This mixed signal may lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100