Barclays Maintains Overweight on Evergy, Lowers Price Target to $54
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Nicholas Campanella has maintained an Overweight rating on Evergy (NASDAQ:EVRG) but reduced the price target from $56 to $54.
January 22, 2024 | 2:32 pm
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Barclays has maintained an Overweight rating on Evergy but lowered the price target from $56 to $54, indicating a positive outlook with a slightly reduced growth expectation.
The maintenance of an Overweight rating suggests that Barclays believes Evergy will outperform the market or sector average. However, the reduction in the price target could reflect a minor adjustment in growth expectations or a response to market conditions. This news is likely to be viewed positively by investors due to the continued Overweight rating, but the lower price target may temper expectations slightly.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100