WEC Energy price target raised to $105 from $99 at Argus

Argus analyst Marie Ferguson raised the firm’s price target on WEC Energy (WEC) to $105 from $99 and keeps a Buy rating on the shares. Despite two sluggish quarters, WEC is maintaining its 2024 guidance, implying significant earnings improvement next quarter, the analyst tells investors in a research note. Argus also has a favorable view of the company’s regulatory environment and capital-spending plans, including its investments in renewable assets, the firm added.