BMO cuts Evergy stock price target on valuation despite earnings beat
BMO Capital reduced Evergy's (EVRG) price target to $85 from $89 but kept an Outperform rating. EVRG's Q3 2026 EPS estimate was raised to $2.38, and FY 2026 forecast to $4.34. The company's Q2 EPS was $0.88, missing estimates but up 7.3% YoY. RBC also lowered its target to $93, citing lower peer multiples. EVRG trades at $81.17, with a $18.7B market cap.


