Evergy price target raised to $57 from $51 at Evercore ISI

Evercore ISI raised the firm’s price target on Evergy to $57 from $51 and keeps an In Line rating on the shares after rolling out 2026 EPS forecasts and updating target prices among the firm’s Utilities coverage. Given the 2023 underperformance and taking into account absolute valuation and relative valuation, the firm is more constructive on the group and likes the risk/reward into 2024 and long term, the analyst tells investors.