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Enter Symbol:
Rating: WR
Neutral $38
up 11.00 %

Westar Energy, Inc. (NYSE: WR) downgraded to Neutral with price target $38 by UBS

Monday,  Oct 20, 2014  10:25 AM ET by Lynn Gilbert

UBS downgraded Westar Energy, Inc. (NYSE: WR) to Neutral with price target $38. Previously, UBS rated Westar Energy, Inc. (NYSE: WR) to Buy with price
target $35 on 11/21/2013, when the stock price was valued at $32.19. Since then, Westar Energy, Inc.'s stock price has gained 11% as of 10/20/2014's recent price of $35.78.
If you had followed UBS's previous recommendation on WR, you would have gained 11% of your investment in 333 days.

Westar Energy, Inc. (Westar Energy) is an electric utility in Kansas. The Company is engaged in providing electric generation, transmission and distribution services to approximately 679,000 customers in Kansas. Westar Energy provides these services in central and north-eastern Kansas, including the cities of Topeka, Lawrence, Manhattan, Salina and Hutchinson. Kansas Gas and Electric Company (KGE), Westar Energy?s wholly owned subsidiary, provides these services in south-central and south-eastern Kansas, including the city of Wichita. KGE owns a 47% interest in the Wolf Creek Generating Station (Wolf Creek), a nuclear power plant located near Burlington, Kansas. Both Westar Energy and KGE conduct business using the name Westar Energy. During the year ended December 31, 2008, the Company completed the first phase of the Emporia Energy Center, a new natural gas-fired peaking power plant consisting of seven combustion turbines, comprising approximately 350 megawatt (MW) of capacity.

UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking. With headquarters in Zurich and Basel, Switzerland, UBS operates in over 50 countries and from all major international centers. UBS employs more than 80,000 people.

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