Evergy price target raised to $64 from $52 at UBS

UBS analyst William Appicelli raised the firm’s price target on Evergy to $64 from $52 and keeps a Neutral rating on the shares after resuming coverage of the name. The stock looks fairly valued at current levels, and UBS thinks Evergy represents a low-risk integrated utility business with a 10.3% total return, the analyst tells investors in a research note. UBS awaits clarity on the outstanding Missouri West rate case and says the next big regulatory item to watch is the filing of the Kansas rate case.