Mizuho Downgrades Spire to Neutral, Lowers Price Target to $62
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Gabriel Moreen downgraded Spire (NYSE:SR) from Buy to Neutral and reduced the price target from $64 to $62, indicating a more cautious outlook on the stock.

May 02, 2024 | 9:14 am
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Spire's stock rating was downgraded by Mizuho from Buy to Neutral, and its price target was lowered from $64 to $62.
The downgrade from Buy to Neutral by a significant analyst like Mizuho suggests a less optimistic outlook on Spire's future stock performance. The reduction in the price target further indicates concerns about the company's valuation or growth prospects, which could lead to a negative short-term impact on the stock price as investors adjust their expectations.
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