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Keybanc Lifts WEC Energy Group (WEC) Price Target by $9
Yahoo Finance· 2026-03-08 15:34
Group 1 - KeyBanc analyst Sophie Karp raised the price target on WEC Energy Group, Inc. from $117 to $126, maintaining an Overweight rating following a strong Q4 performance [1] - The company's adjusted EPS beat expectations, and management reaffirmed its FY26 guidance [1] - WEC Energy Group reiterated its long-term EPS growth target of 7%–8%, with growth expected to accelerate in 2028 [1] Group 2 - On February 23, 2026, WEC Energy Group announced an agreement to expand its 4.75% Senior Notes due 2028 by issuing an additional $400 million, raising the total series to $850 million [2] - The proceeds from the new issuance will be used to secure long-term capital for utility operations and infrastructure investments [2] - The issuance increases total debt but potentially improves liquidity and pricing transparency for investors [2] Group 3 - WEC Energy Group, Inc. is a leading Midwest utility holding company that provides regulated electricity and natural gas, founded in 1896 and headquartered in Wisconsin [3]