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Enter Symbol:
Rating: WR
Buy $49
up 15.00 %

Westar Energy, Inc. (NYSE: WR) reiterated to Buy with price target $49 by Argus

Monday,  Feb 2, 2015  1:25 PM ET by Dave Ficere

Argus reiterated Westar Energy, Inc. (NYSE: WR) to Buy with price target $49. Previously Argus rated Buy with price target $43 Westar Energy, Inc.
(NYSE: WR) on 07/03/2014, when the stock price was $36.93. Since then, Westar Energy, Inc.'s stock price has gained 15% as of 02/02/2015's recent price of $42.40.
If you would have followed the previous Argus's recommendation on WR, you would have gained 15% of your investment in 214 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.

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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