Jefferies Remains a Buy on Spire (SR)
Jefferies analyst Julien Dumoulin Smith reiterated a Buy rating on Spire today and set a price target of $104.00.
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Dumoulin Smith covers the Utilities sector, focusing on stocks such as American Electric Power, Southern Co, and Essential Utilities. According to TipRanks, Dumoulin Smith has an average return of 5.6% and a 56.24% success rate on recommended stocks.
In addition to Jefferies, Spire also received a Buy from Mizuho Securities’s Gabe Moreen in a report issued on November 20. However, on November 18, Morgan Stanley maintained a Hold rating on Spire (NYSE: SR).
Based on Spire’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $421.9 million and a net profit of $20.9 million. In comparison, last year the company earned a revenue of $414.1 million and had a GAAP net loss of $12.6 million
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Disclaimer & DisclosureReport an Issue
- Spire price target lowered to $97 from $99 at Morgan Stanley
- Spire’s Growth Potential and Strategic Positioning Drive Buy Rating with Raised Price Target
- Spire price target raised to $96 from $93 at Mizuho
- Spire price target raised to $99 from $91 at Morgan Stanley
- Spire’s Balanced Strategy: Growth Potential Amid Uncertainties Justifies Hold Rating
