A report from Ladenburg Thalmann reiterates its Neutral rating and $33 price target on Wisconsin Energy WEC.
In the report, Ladenburg Thalmann writes, “We are reiterating our NEUTRAL rating on Wisconsin Energy (WEC). Our price target of $33 per share is supported by our 2012/2013 sum-of-the-parts analysis and also implies 14.6x/14.0x our 2012/2013 EPS estimates of $2.26/$2.35. Our 2011 EPS estimate is $2.12.”.
WEC closed yesterday at $31.48.
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