Goldman Sachs Downgrades Westar Energy (WR) to Sell
Tweet
Share
E-mailGet Alerts WR Hot Sheet
Price: $27.79 +1.20%
Rating Summary:
8 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
8 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Goldman Sachs downgraded Westar Energy (NYSE: WR) from Neutral to Sell and cut its price target from $26 to $25.
Goldman cited (1) regulatory lag driving lower and below-consensus 2013 EPS and (2) increasing regulatory risk in Kansas, which warrants a slightly lower target multiple on WR earnings.
For more ratings news on Westar Energy click here and for the rating history of Westar Energy click here.
Shares of Westar Energy closed at $25.89 yesterday.
Goldman cited (1) regulatory lag driving lower and below-consensus 2013 EPS and (2) increasing regulatory risk in Kansas, which warrants a slightly lower target multiple on WR earnings.
For more ratings news on Westar Energy click here and for the rating history of Westar Energy click here.
Shares of Westar Energy closed at $25.89 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
- Deere (DE) PT Lowered to $570 at JPMorgan Ahead of Earnings
- Zeo Energy Corp (ZEO) Misses Q2 EPS by 7c
Create E-mail Alert Related Categories
Downgrades, Hot DowngradesRelated Entities
Goldman Sachs, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
