B of A Securities Upgrades Evergy to Buy, Raises Price Target to $57
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Julien Dumoulin-Smith upgraded Evergy (NASDAQ:EVRG) from Neutral to Buy and increased the price target from $51 to $57, indicating a positive outlook on the company's stock.
March 13, 2024 | 11:33 am
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Evergy was upgraded from Neutral to Buy by B of A Securities, with a price target increase from $51 to $57, suggesting a strong confidence in the company's future performance.
The upgrade from Neutral to Buy by a significant analyst, along with a notable increase in the price target, typically signals a bullish outlook on the stock. This can lead to increased investor confidence and potentially drive up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100