Mizuho raised the firm’s price target on Evergy (EVRG) to $74 from $70 and keeps an Outperform rating on the shares. The Kansas Central settlement highlights the continued improvement in Kansas’ regulation, the analyst tells investors in a research note. The firm believes Evergy shares can re-rate to a group average multiple if the company can raise its earnings growth rate to 5%-7%.
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Read More on EVRG:
- Evergy’s Favorable Regulatory Developments and Economic Prospects Drive Buy Rating
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- Evergy price target raised to $78 from $77 at UBS
- Evergy price target raised to $78 from $77 at Jefferies
- Cautiously Optimistic Outlook for Evergy: Reaffirmation of Overweight Rating Amid Regulatory and Financial Improvements