BMO Capital raised the firm’s price target on WEC Energy (WEC) to $104 from $97 and keeps a Market Perform rating on the shares. The firm is refreshing its 2024-2028 forecast after reflecting the company’s updated capital and financing plans as well as the oral order in the Wisconsin rate cases, the analyst tells investors in a research note. BMO adds however that it sees above-trend growth in the company’s expected 2025 guidance range returning it to its range after hurdles in 2024.
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