Evergy price target raised to $79 from $77 at Wells Fargo

Wells Fargo raised the firm’s price target on Evergy (EVRG) to $79 from $77 and keeps an Equal Weight rating on the shares. Evergy is a “battleground EW,” the firm says. Wells stays on the sidelines on valuation, and notes a possible EPS CAGR raise has been well telegraphed and fairly reflected. The firm seeks a better entry point, but acknowledges shares are looking more attractive.