BUZZ-Mizuho downgrades Evergy to 'neutral', cuts PT; shares fall

Reuters12-18 21:01
BUZZ-Mizuho downgrades Evergy to 'neutral', cuts PT; shares fall

** Shares of utility Evergy EVRG.O down 1.4% at $72.5 premarket

** Brokerage Mizuho downgrades EVRG to "neutral" from "outperform", cuts PT to $76 from $86

** New PT represents upside of 3.2% to stock's last close

** While the utility has more than 15 GW large customer pipeline, the load will come at a "moderate pace" towards the back end of the company's plan, delaying the stock re-rating, says brokerage

** Nine of 14 brokerages rate stock "buy" or higher, and 5 "hold"; median PT is $84 - data compiled by LSEG

** Up to last close, shares up 19.5% YTD

(Reporting by Pranav Mathur in Bengaluru)

((Pranav.Mathur@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment