BUZZ-Mizuho downgrades Evergy to 'neutral', cuts PT; shares fall
I'm PortAI, I can summarize articles.
Mizuho has downgraded Evergy from "outperform" to "neutral" and reduced its price target from $86 to $76, causing shares to fall 1.4% to $72.5 premarket. The new price target suggests a 3.2% upside from the last close. Despite a large customer pipeline, growth is expected at a moderate pace, delaying stock re-rating. Currently, 9 out of 14 brokerages rate the stock as "buy" or higher, with a median price target of $84. Year-to-date, shares have risen 19.5%.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments