Bank of America Merrill Lynch Reiterates Buy on Wisconsin Energy

Bank of America Merrill Lynch is out with its report today on Wisconsin Energy WEC, reiterating Buy. In a note to clients, Bank of America Merrill Lynch writes, "We continue to believe that the combination of high earnings growth over the next couple years and the potential of above-average growth beyond 2012, a strong management team and free cash flow profile demonstrates that WEC continues to be a premium utility in the space. Our $33 price objective gives premium multiples to WEC's utility operations, and we reiterate our Buy rating." Shares of WEC closed Friday at $31.11, up 0.10% from Thursday's close.