Evergy price target raised to $77 from $64 at Citi

Citi raised the firm’s price target on Evergy (EVRG) to $77 from $64 and keeps a Buy rating on the shares. Potential datacenter growth is continuing to improve the regulatory environment for Evergy with Missouri Senate Bill 4 likely to be signed into law to attract D.C. investment, the firm told investors. Citi added that this law should add approximately $200M of free cash flow, but modest EPS accretion is post 2030. The firm noted that Evergy remains on its Focus List and sees datacenter announcements as the next key catalyst.