Mizuho analyst Gabriel Moreen raised the firm’s price target on Atmos Energy (ATO) to $165 from $148 and keeps an Outperform rating on the shares. The company’s strong guidance earlier this month was secondary to its five-year capex update, which represented a 41% increase from the prior plan, the analyst tells investors in a research note.
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Read More on ATO:
- Atmos Energy price target lowered to $143 from $145 at Morgan Stanley
- Atmos Energy Reports Strong Fiscal 2024 Earnings
- Atmos Energy raises quarterly dividend to 87c per share
- Atmos Energy reports FY24 EPS $6.84, consensus $6.80
- Atmos Energy sees FY25 EPS $7.05-$7.25, consensus $7.13
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