BofA raised the firm’s price target on Evergy to $51 from $50 and keeps a Neutral rating on the shares. Evergy is expected to offer its 2024 EPS guidance on its Q4 call in February and the firm has a 2024 EPS estimate of $3.82, which it notes is “slightly below” the Street view. The firm refreshed its valuation and mark to market to the latest peer multiple, driving its price target bump.
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