Fly News Breaks for January 22, 2020
Jan 22, 2020 | 09:28 EDT
SunTrust analyst Ali Agha raised his price target on Evergy to $73 and kept his Buy rating following the announcement of a letter by Elliott Management calling for reduced operating expenses, increased regulated capex, and "strategic merger transaction". The analyst also notes that the stock is still trading at a 6% discount relative to its peer group, but the involvement of Elliott should bring that valuation closer to in line with peers.
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