Wells Fargo Upgrades Evergy to Overweight, Raises Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Sarah Akers has upgraded Evergy (NASDAQ:EVRG) from Equal-Weight to Overweight and increased the price target from $54 to $60, indicating a positive outlook on the company's stock.
January 09, 2024 | 12:00 pm
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POSITIVE IMPACT
Evergy's stock rating has been upgraded by Wells Fargo from Equal-Weight to Overweight with a price target increase from $54 to $60, suggesting confidence in the company's future performance.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they reflect an expectation of improved performance or valuation. The increase in price target further reinforces this positive sentiment, likely leading to increased investor interest and a potential rise in Evergy's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100