Wells Fargo Downgrades Wisconsin Energy (WEC) to Market Perform; Valuation Call

Wells Fargo downgraded Wisconsin Energy (NYSE: WEC) from Outperform to Market Perform with a price target range $38-39.

Analyst, Neil Kalton, said, "Shares offer attractive total return potential driven by projected annual EPS growth of 5%, roughly 12% average annual DPS growth and a roughly 3% dividend yield. Attractive features include a strong financial position and constructive regulation. That said, we believe the current share valuation adequately reflects these favorable attributes."

For an analyst ratings summary and ratings history on Wisconsin Energy click here. For more ratings news on Wisconsin Energy click here.

Shares of Wisconsin Energy closed at $37.25 yesterday.

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