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Fly News Breaks for October 2, 2017
GXP, WR
Oct 2, 2017 | 07:09 EDT
Wells Fargo analyst Sarah Akers upgraded both Great Plains Energy (GXP) and Westar Energy (WR) to Outperform saying the merger has a high likelihood of regulatory approval. The analyst believes the shares are "modestly undervalued" and sees further upside potential should Altria Group (MO) and/or KapStone (KS) become "more supportive of new investments over time." Akers has a $55 price target for Westar Energy shares.
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