NEW YORK (TheStreet) -- Wisconsin Energy (WEC) shares are up 1.8% to $46.06 on Tuesday after being upgraded to "outperform" from "market perform" by analysts at Wells Fargo (WFC).
The upgraded outlook is in response to the company's acquisition of Integrys Energy (TEG), which the firm views as a positive investment for the diversified holding company.
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TheStreet Ratings team rates WISCONSIN ENERGY CORP as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:
"We rate WISCONSIN ENERGY CORP (WEC) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, growth in earnings per share, good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins."