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Fly News Breaks for December 31, 2018
ATO
Dec 31, 2018 | 07:49 EDT
Argus analyst Gary Hovis kept his Buy rating and $101 price target on Atmos Energy, saying the company stands to benefit from "the nation's increasing demand for natural gas." The analyst is also positive on the company's track record of "successful" acquisitions and integration of gas utilities, along with its "low operating costs, improved rate structures, and profitable non-regulated operations." Hovis further cites his expected benefits to Atmos from the more favorable gas rate regulation backdrop and its "growing customer base", raising his FY19 EPS view by 10c to $4.25 per share.
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