WEC Energy price target raised to $98 from $95 at BofA

BofA analyst Ross Fowler raised the firm’s price target on WEC Energy (WEC) to $98 from $95 and keeps a Neutral rating on the shares. Ahead of the company’s upcoming Q4 earnings announcement, the firm expects WEC to report EPS of $1.43, “modestly above” the midpoint implied by the annual EPS guidance of $1.35-$1.45. The firm’s EPS estimate for 2024 is unchanged at $4.89, versus guidance of $4.80-$4.90.