February 3, 2023

Analysts’ Opinions Are Mixed on These Utilities Stocks: Brookfield Infrastructure (BIP) and WEC Energy Group (WEC)

Posted By: ndeeney

Companies in the Utilities sector have received a lot of coverage today as analysts weigh in on Brookfield Infrastructure (BIP – Research Report) and WEC Energy Group (WEC – Research Report).

Brookfield Infrastructure (BIP)

In a report released yesterday, Devin Dodge from BMO Capital maintained a Buy rating on Brookfield Infrastructure, with a price target of $43.00. The company’s shares closed last Thursday at $34.74.

According to TipRanks.com, Dodge is a 4-star analyst with an average return of 8.0% and a 65.2% success rate. Dodge covers the Industrial Goods sector, focusing on stocks such as Waste Connections, SNC-Lavalin Group, and Russel Metals.

Currently, the analyst consensus on Brookfield Infrastructure is a Moderate Buy with an average price target of $39.50.

See today’s best-performing stocks on TipRanks >>

WEC Energy Group (WEC)

BMO Capital analyst James Thalacker maintained a Hold rating on WEC Energy Group yesterday and set a price target of $101.00. The company’s shares closed last Thursday at $94.92.

According to TipRanks.com, Thalacker is a 4-star analyst with an average return of 6.2% and a 61.5% success rate. Thalacker covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Public Service Enterprise, and American Electric Power.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for WEC Energy Group with a $103.00 average price target.

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Read More on BIP:

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