RBC Capital analyst Stephen D’Ambrisi initiated coverage of Evergy (EVRG) with an Outperform rating and $93 price target The firm believes the company has made significant strides in modernizing its regulatory frameworks, and is on the cusp of announcing significant additional large load service agreements, which the firm expects to inflect Evergy’s load growth and capital budget meaningfully higher. Given the large opportunity set relative to the size of the company, RBC believes Evergy has the best torque under coverage to large load announcements.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EVRG:
- Evergy price target raised to $80 from $73 at Barclays
- Evergy price target raised to $87 from $77 at Jefferies
- Positive Outlook for Evergy: Buy Rating and Increased Price Target Amid Favorable Developments
- Evergy, TerraPower to explore advanced nuclear energy deployment in Kansas
- Evergy Appoints Charles Caisley as EVP and CCO