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Fly News Breaks for May 4, 2018
May 4, 2018 | 06:33 EDT
As previously reported, BofA/Merrill downgraded Spire to Neutral from Buy an cut its price target to $72 from $75. Analyst Dennis Coleman said Spire's Q1 report was above expectations but lowered estimates due to the Missouri rate case impact and long-term growth based on a lower base. The analyst also believes there are risks from interest rates, a difficult MoPSC, and STL progression.
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