Morgan Stanley Maintains Equal-Weight on Spire, Lowers Price Target to $63
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Byrd has maintained an Equal-Weight rating on Spire (NYSE:SR) and reduced the price target from $66 to $63.
November 21, 2023 | 3:30 pm
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NEUTRAL IMPACT
Morgan Stanley has maintained an Equal-Weight rating on Spire and lowered the price target from $66 to $63.
The adjustment in price target by a major analyst like Morgan Stanley can influence investor sentiment, but since the rating remains unchanged at Equal-Weight, the immediate impact on the stock price may be neutral. The reduction in price target suggests a slightly more cautious outlook on the company's valuation, which could lead to a tempered response from the market.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100