UPDATE: Wunderlich Initiates Coverage on Westar Energy on Fair Valuation

In a report published Thursday, Wunderlich Securities analyst Mike Bates initiated coverage on Westar Energy (NYSE: WR ) with a Hold rating and $33.00 price target. In the report, Wunderlich Securities noted, “We are initiating coverage of Westar Energy, Inc. (WR) with a Hold rating and a $33 price target.