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Stock impact report

Mizuho Says Evergy's (EVRG) Regulatory Gains are Already Priced in [Yahoo! Finance]

Evergy, Inc. (EVRG) 
Last evergy, inc. earnings: 11/6 04:30 pm Check Earnings Report
Company Research Source: Yahoo! Finance
On December 18, Mizuho analyst Anthony Crowdell cut Evergy, Inc. (NASDAQ:EVRG) to Neutral from Outperform and lowered the price target to $76 from $86. In a research note, he said the stock already reflects the company's improved regulatory setup in Kansas and Missouri. Mizuho's model assumes about 7% earnings growth, while management is guiding for 4% to 6%. The firm sees little room for upside from here, since any improvement in the outlook appears to be priced in. The market has rewarded the stock. Shares are up more than 17.5% so far this year. That gain stands out, especially given the weather challenges earlier in the year. In the second and third quarters, demand was pressured by what CEO David Campbell described as “cooler than normal summer weather.” Kansas and Missouri both offer tax incentives designed to attract data centers. That matters a lot as power-hungry tech customers are looking for reliable utilities, and Evergy, Inc. (NASDAQ:EVRG) has been showing up in thos Show less Read more
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