Evergy (EVRG) Price Target Reduced to $91

Evergy, Inc. (NASDAQ:EVRG) is included among the 10 High Yield Utility Stocks to Buy in 2026.

Evergy, Inc. (NASDAQ:EVRG) delivers electricity to approximately 1.7 million residential and commercial customers in homes and businesses in Kansas and Missouri.

On January 23, RBC Capital analyst Stephen D’Ambrisi lowered its price target on Evergy, Inc. (NASDAQ:EVRG) from $93 to $91, but maintained an ‘Outperform’ rating on the shares. The revised target, which still represents an upside of over 18% from the current share price, comes as part of a broader research note previewing Q4 earnings in the utilities sector. The analyst firm revised its model in the sector due to a number of utilities giving off-cycle or early previews of updated capital plans.

On the other hand, Wells Fargo raised its price target on Evergy, Inc. (NASDAQ:EVRG) from $77 to $79 earlier on January 20. The firm maintained its ‘Equal Weight’ rating on the stock. Calling Evergy a ‘battleground EW’, Wells Fargo has chosen to stay on the sidelines on valuation, while noting that a possible EPS CAGR increase has been well telegraphed and fairly reflected. While the firm acknowledges that EVRG looks more attractive, it is seeking a better entry point.

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Disclosure: None.