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Fly News Breaks for December 4, 2019
ATO
Dec 4, 2019 | 06:31 EDT
BofA/Merrill analyst Richard Ciciarelli resumed coverage of Atmos Energy with a Neutral rating and $109 price target. The analyst sees the company as a "high quality" stock, led by a management team with a record of execution and a recent pattern of beating expectations. Ciciarelli adds that the company's capital expenditure program is well insulated from any shifts in federal policy and its balance sheet strength is "notable", but also sees the stock reflecting his earnings growth projections.
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