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.
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