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Morgan Stanley Keeps Their Buy Rating on Spire (SR)

Tipranks - Tipranks - Sat Feb 21, 7:48AM CST

Morgan Stanley analyst David Arcaro maintained a Buy rating on Spire today and set a price target of $100.00.

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According to TipRanks, Arcaro is a 5-star analyst with an average return of 14.0% and a 65.20% success rate. Arcaro covers the Utilities sector, focusing on stocks such as Vistra Corp, Pinnacle West Capital, and PG&E.

In addition to Morgan Stanley, Spire also received a Buy from TipRanks – Google’s Google Regulated Gas in a report issued yesterday. However, on the same day, TipRanks – xAI reiterated a Hold rating on Spire (NYSE: SR).

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Based on Spire’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $762.2 million and a net profit of $95 million. In comparison, last year the company earned a revenue of $669.1 million and had a net profit of $81.3 million

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