Jefferies Changes Empire District Electric PT To $22.50 (EDE)

Jefferies changed its Empire District Electric EDE price target to $22.50 from $22 in a research report published today. In the report, Jefferies states, "We view Empire District as a low-risk utility that should trade at a premium to other regulated utilities. The company recently filed a Missouri electric rate case, which includes the last piece (Iatan 2) of Empire's construction program." Shares of Empire District Electric were at $21.51 in after hours trading at the time of posting, reflecting no change from Friday's market close.