Citi Maintains Buy Rating On Westar

According to Citi, Westar Energy WR Buy rating is maintained. Citi said that it is shifting its valuation methodology to 2013, introducing new 2013 EPS estimate and making adjustments to its 2011 and 2012 EPS outlooks. “Our partial year discounted TP increases to $29/share from $27/share.” Westar Energy closed on Friday at $27.02.