Wisconsin Energy (WEC -0.6%) dips after Wells Fargo downgrades the shares to Market Perform on...
Tuesday, May 15, 2012, 10:20 AM ETWisconsin Energy (WEC -0.6%) dips after Wells Fargo downgrades the shares to Market Perform on valuation this morning. The firm notes that the stock still has an attractive 3% dividend yield and holds a strong financial position in a constructive regulatory environment, but at its current level these attribute are fairly priced into the shares. It keeps its price target range at $38-$39.
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