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Fly News Breaks for June 15, 2018
SR
Jun 15, 2018 | 05:42 EDT
Wells Fargo analyst Sarah Akers last night upgraded Spire to Outperform from Market Perform and raised her price target for the shares to $74 from $73. The recent weakness in the shares provides an attractive entry point, Akers tells investors in a research note. She points out the stock has underperformed gas local distribution company peers by 12% year-to-date. The analyst is positive on Spire now that the Missouri rate case and secondary offering are behind the company.
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