Evergy downgraded to Neutral from Outperform at Mizuho

Mizuho analyst Anthony Crowdell downgraded Evergy (EVRG) to Neutral from Outperform with a price target of $76, down from $86. The shares fully price in the company’s improved regulatory environment in Kansas and Missouri, the analyst tells investors in a research note. Mizuho’s estimates reflect 7% earnings growth, compared to management’s current forecast of 4%-6% growth. The firm thinks an uptick to Evergy’s outlook is already reflected in the shares.