WEC Energy price target raised to $120 from $114 at BMO Capital

BMO Capital raised the firm’s price target on WEC Energy (WEC) to $120 from $114 and keeps a Market Perform rating on the shares. The firm expects WEC to raise its EPS growth rate to 7%-8% with the potential to point to the high end, up from its current 6.5%-7% long-term outlook, the analyst tells investors in a research note.