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

KeyBanc raised the firm’s price target on WEC Energy (WEC) to $98 from $95 and keeps an Overweight rating on the shares. The firm believes WEC’s premium is warranted given the long-term fundamentals, supported by 4.5%-5% sales growth from 2026-2028, driven by the Microsoft (MSFT) data center and several other manufacturing expansion projects.