Wells Fargo raised the firm’s price target on Spire (SR) to $75 from $73 and keeps an Equal Weight rating on the shares. The firm notes the company’s 2024 EPS came in below the guidance range. That said, the 5%-7% EPS growth target continues to be based on the original 2024 mid-point and management expects to be back in the range in 2026, assuming a reasonable rate case outcome in MO, Wells says.
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Read More on SR:
- Spire Inc. Reports Solid Fiscal 2024 Results
- Spire Inc. Reports Strong Fiscal 2024 Performance
- Spire sees FY25 adjusted EPS $4.40-$4.60, consensus $4.55
- Spire reports Q4 adjusted EPS (54c) vs. (78c) last year
- Spire price target raised to $65 from $62 at Mizuho
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
