Evergy initiated with a Buy at BTIG

BTIG initiated coverage of Evergy (EVRG) with a Buy rating and $99 price target The firm says Evergy has “taken steps toward an elevated growth story” after years of “muted” growth. BTIG sees the company’s 6%-8% earnings growth outlook as “reasonable and potentially conservative given the potential for additional large load.” Evergy’s above-average growth potential and improving regulatory environments suggest the stock can re-rate higher, the analyst tells investors in a research note.