Evergy Inc EVRG:NYSE

Last Price$70.94NYSE Previous Close - Last Trade as of 7:00PM ET 8/18/22

Today's Change-0.19(0.27%)
Bid (Size)N/A (N/A)
Ask (Size)$71.70 (2)
Day Low / High$70.42 - 71.03
Volume603.0 K

Credit Suisse Initiates Coverage of US Utilities, Says Sector Can Outperform Despite Expected Rise in Interest Rates

9:50AM ET 4/26/2022 MT Newswires
Credit Suisse initiated coverage of electric and gas utility companies in the US. The firm has a constructive view of the group and thinks the sector can outperform despite the expected rise in interest rates.

The firm, in a Tuesday research report, wrote that inflation is the biggest theme to watch for the group this 2022. The firm's top picks on inflation are outperform-rated American Electric Power (AEP), Duke Energy (DUK), Entergy (ETR), and Sempre (SRE).

Other outperform-rated names are Ameren (AEE), CenterPoint Energy (CNP), Evergy (EVRG), FirstEnergy (FE), PG&E (PCG), and PPL (PPL).

The firm is more cautious on neutral-rated Eversource Energy (ES), NiSource (NI), and WEC Energy Group (WEC), and on underperform-rated Pinnacle West Capital (PNW), Portland General Electric (POR), and Southern Co. (SO).

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Price: 100.58, Change: +0.08, Percent Change: +0.08