Jefferies analyst Paul Zimbardo raised the firm’s price target on Evergy (EVRG) to $78 from $77 and keeps a Buy rating on the shares. An improving regulatory backdrop and “new credit metric latitude” increase the firm’s confidence in five-year EPS growth guidance being increased to 5%-7% by year-end, notes the analyst, who raised the firm’s FY27 EPS estimate to the high-end of guidance, or $4.63.
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Read More on EVRG:
- Cautiously Optimistic Outlook for Evergy: Reaffirmation of Overweight Rating Amid Regulatory and Financial Improvements
- Evergy price target lowered to $71 from $73 at Barclays
- Evergy price target raised to $79 from $77 at Citi
- Evergy initiated with an Outperform at BMO Capital
- Promising Outlook for Evergy: Buy Rating Driven by Strategic Positioning and Growth Potential
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