Morgan Stanley Remains a Hold on Spire (SR)
Morgan Stanley analyst David Arcaro maintained a Hold rating on Spire today and set a price target of $76.00. The company’s shares closed yesterday at $78.79.
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Arcaro covers the Utilities sector, focusing on stocks such as DTE Energy, Edison International, and PG&E. According to TipRanks, Arcaro has an average return of 14.3% and a 64.56% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Spire with a $80.50 average price target.
SR market cap is currently $4.65B and has a P/E ratio of 16.94.
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