Mizuho Maintains Buy on Spire, Lowers Price Target to $64
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Gabriel Moreen has maintained a Buy rating on Spire Inc. (NYSE:SR) but has reduced the price target from $66 to $64.
January 22, 2024 | 2:23 pm
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NEUTRAL IMPACT
Mizuho analyst Gabriel Moreen maintains a Buy rating on Spire Inc. but lowers the price target from $66 to $64, indicating a positive outlook with a slightly reduced growth expectation.
The reduction in price target may slightly dampen investor sentiment in the short term, but the maintenance of a Buy rating suggests that the overall outlook for Spire remains positive. The impact is likely to be neutral to slightly negative as the price target reduction is modest and does not indicate a major shift in the company's fundamentals or prospects.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100