BMO Capital cuts WEC Energy price target to $109 from $117

On Oct. 16, BMO analyst James M. Thalacker cut the target to $109 from $117 and kept Market Perform. Following executive meetings, BMO cited the Wisconsin rate case, gubernatorial election and large-load opportunities; its mark-to-market and sum-of-the-parts valuation moved to $109. The article cited WEC at $107.31.