UPDATE: Goldman Sachs Reiterates Neutral on Great Plains

In a report published Friday, Goldman Sachs analyst Michael Lapides maintained a Neutral rating on Great Plains Energy

and raised the price target from $23.00 to $24.00. In the report, Goldman Sachs says "We update our 2013/14/15/16 EPS estimates from $1.63/$1.67/$1.72/$1.81 to $1.63/$1.67/$1.75/$1.85, reflecting: (1) inclusion of a small property tax rider in Missouri in 2015/16, and (2) revised O&M assumptions. We raise our 12-month price target by $1 to $24 reflecting higher 2015 EPS estimate, but remain Neutral – our downgrade to Neutral earlier this year clearly came too early, given recent outperformance by GXP's shares." Great Plains Energy closed on Friday at $24.53.