Barclays Reiterates an 'Equalweight' on Wisconsin Energy (WEC); A Solid 3Q; 2011 EPS Guidance Increased

Barclays reiterates an 'Equalweight' on Wisconsin Energy (NYSE: WEC) price target of $36.00.

Barclays analyst says, "We reiterate our rating predicated on '13E of $2.51, and comprised of $2.32 at the utility/Power the Future with a 7% large-cap, high-quality premium on a 13.4X regulated group multiple, plus $0.19E at American Transmission Company on a 15.3X comparable multiple...We are increasing our '11E from $2.14 to $2.18 and our '12/'13E of $2.32/$2.51, respectively, remain unchanged."

For more ratings news on Wisconsin Energy click here and for the rating history of Wisconsin Energy click here.

Shares of Wisconsin Energy closed at $33.40 yesterday.

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