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Morgan Stanley Sticks to Its Buy Rating for Spire (SR)

Tipranks - Tipranks - Tue Feb 3, 8:00AM CST

In a report released today, David Arcaro from Morgan Stanley maintained a Buy rating on Spire, with a price target of $93.00.

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Arcaro covers the Utilities sector, focusing on stocks such as Vistra Corp, American Electric Power, and DTE Energy. According to TipRanks, Arcaro has an average return of 13.1% and a 61.80% success rate on recommended stocks.

In addition to Morgan Stanley, Spire also received a Buy from TipRanks – Google’s Google Regulated Gas in a report issued on January 31. However, on the same day, TipRanks – OpenAI reiterated a Hold rating on Spire (NYSE: SR).

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Based on Spire’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $334.1 million and a GAAP net loss of $39.8 million. In comparison, last year the company earned a revenue of $293.8 million and had a GAAP net loss of $25.9 million

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