WEC Energy price target raised to $115 from $112 at Wells Fargo

Wells Fargo analyst Neil Kalton raised the firm’s price target on WEC Energy (WEC) to $115 from $112 and keeps an Overweight rating on the shares. The firm notes data center interest continues to mount in WI. Wells thinks there could be upside to WEC’s already strong 6.5%-7.0% 5-year EPS CAGR if additional large load projects move forward.