UPDATE: JP Morgan Lowers PT on Great Plains Energy from $24 to $20

J.P. Morgan has published a research report on Great Plains Energy lowering the price target by $4.

In the report, J.P. Morgan wrote, "Although we believe the analyst day would improve earnings visibility and update investors on the strategic direction of the company following the completion of its Comprehensive Energy Plan, we do not anticipate material earnings upside before 2013. Consequently, we maintain our Neutral rating on GXP shares and will continue to monitor the company's investment opportunities closely."

J.P. Morgan rated Great Plains Energy a Neutral with a price target reduced from $24.00 to $20.00. Great Plains energy closed Thursday at $18.89.