Guggenheim Downgrades Evergy to Neutral, Announces $52 Price Target
Portfolio Pulse from Benzinga Newsdesk
Guggenheim analyst Shahriar Pourreza has downgraded Evergy (NASDAQ:EVRG) from Buy to Neutral and set a price target of $52. This reflects a change in the firm's outlook on the stock, suggesting that it may not have as much upside potential as previously thought.
January 22, 2024 | 3:41 pm
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NEUTRAL IMPACT
Evergy has been downgraded by Guggenheim from Buy to Neutral with a new price target of $52, indicating a more conservative outlook on the stock's future performance.
The downgrade from Buy to Neutral by a prominent analyst can lead to a neutral short-term impact on Evergy's stock price as it may cause some investors to reconsider the stock's growth potential. The announcement of a specific price target provides a reference point but does not necessarily suggest a significant upside or downside, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100