Goldman Sachs Upgrades Westar Energy (WR) to Neutral

Goldman Sachs upgraded Westar Energy (NYSE: WR) from Sell to Neutral with a price target of $28 (up from $28) on rate order, refinancings.

"After reviewing the recently granted rate case order issued by the Kansas state utility regulator and updating assumptions for interest savings and lower D&A, we raise estimates, increase our multiple and upgrade WR to Neutral," the analyst said.

Goldman raised 2012E-2014E EPS to $1.93/$2.04/$2.09 from $1.93/$2.01/$2.08.

For an analyst ratings summary and ratings history on Westar Energy click here. For more ratings news on Westar Energy click here.

Shares of Westar Energy closed at $27.63 yesterday.

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