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Enter Symbol:
Rating: GXP
Buy $32
up 15.00 %

Great Plains Energy Inc (NYSE: GXP) reiterated to Buy with price target $32 by Argus

Monday,  Mar 3, 2014  9:25 AM ET by Betsy O'Brien Harrison

Argus reiterated Great Plains Energy Inc (NYSE: GXP) to Buy with price target $32. Previously Argus reiterated Great Plains Energy Inc (NYSE: GXP) to Buy with
price target $27 on 08/19/2013, when the stock price was $22.43. Since then, Great Plains Energy Inc's stock price has gained 15% as of 03/03/2014's recent price of $25.84.
If you would have followed the previous Argus's recommendation on GXP, you would have gained 15% of your investment in 196 days.

Great Plains Energy Incorporated (Great Plains Energy) is a public utility holding company and does not own or operate any significant assets other than the stock of its subsidiaries. The Company is engaged in the business segment of electric utility. Great Plains Energy?s wholly owned direct subsidiaries with operations or active subsidiaries includes Kansas City Power and Light Company (KCP&L), KCP&L Greater Missouri Operations Company (GMO), Great Plains Energy Services Incorporated (Services) and KLT Inc. On June 2, 2008, the Company completed the selling of Strategic Energy, L.L.C. (Strategic Energy). The electric utility segment consists of KCP&L, a regulated utility, GMO?s regulated utility operations which include its Missouri Public Service and St. Joseph Light & Power divisions. Electric utility serves over 820,000 customers located in western Missouri and eastern Kansas.

Argus Research is an independent research firm, and our business is producing, distributing and marketing high-quality investment and economic research. Our recommendations - BUY, HOLD and SELL - reflect the judgment of an analyst about a company's prospects as an investment in terms of value, expected growth and risks. Argus Research does not bring companies public, advise companies on mergers and acquisitions, broker trades, make markets in stocks or manage money. Our independence allows us to make critical judgments about companies that we might not be so free to make were we competing for a firm's underwriting business. Because we're not a broker/dealer, we don't have "inventory" of a stock that we have to move with a tainted recommendation. We have developed a six-point system for analyzing the stocks in our Universe of Coverage. We believe that this system

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