Westar shares rise as Goldman upgrades to Buy


Westar Energy (WR +1.7%) is upgraded to Buy from Neutral at Goldman Sachs, which sees ~13% total return upside potential with its $34 price target vs. small/mid-cap regulated utility peers at 4%.

As environmental projects on coal plants wind down in 2015, free cash flow and dividends should improve significantly, often the main driver of share price outperformance within utilities, the firm says.

Goldman maintains its 2013 outlook but modestly slightly raises estimates for 2014, '15 and '16 on lower costs and remains above consensus by 2%-4% on average.

Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs