- Westar Energy (WR +0.7%) is downgraded to Neutral from Buy with a $38 price target at UBS on concerns about the outcome of next year's expected Kansas jurisdictional distribution rate filing in light of recent outcomes for Atmos Energy (NYSE:ATO) and Great Plains Energy (NYSE:GXP).
- The firm cuts its estimates for 2016 by a nickel to reflect the risk of an authorized return on equity between 9.5% and the current regulatory assumption of 10% that was established in the Nov. 2013 La Cygne scrubber case.