Mizuho downgrades Evergy to 'neutral', cuts PT; shares fall

Shares of utility Evergy EVRG.O down 1.4% at $72.5 premarket

Brokerage Mizuho downgrades EVRG to "neutral" from "outperform", cuts PT to $76 from $86

New PT represents upside of 3.2% to stock's last close

While the utility has more than 15 GW large customer pipeline, the load will come at a "moderate pace" towards the back end of the company's plan, delaying the stock re-rating, says brokerage

Nine of 14 brokerages rate stock "buy" or higher, and 5 "hold"; median PT is $84 - data compiled by LSEG

Up to last close, shares up 19.5% YTD