RBC Capital Markets is adopting a bullish stance on Evergy from here. The bank initiated the utility stock with an outperform rating. Analyst Stephen D'Ambrisi also set a price target of $93, implying that shares of Evergy could rise 19% from their current level. D'Ambrisi highlighted an incoming increase in load growth, aided by the progress Evergy has made in improving the regulatory climate in both Kansas and Missouri. This climate has been a historical overhang on valuation as well as a source of earnings volatility, the analyst wrote. EVRG YTD mountain EVRG YTD chart "We believe EVRG has made significant strides in modernizing their regulatory frameworks, and is on the cusp of announcing significant additional large load service agreements which we expect to inflect EVRG's load growth

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