Morgan Stanley Maintains Equal-Weight Rating for Spire: Here's What You Need To Know

Morgan Stanley has decided to maintain its Equal-Weight rating of Spire SR and lower its price target from $75.00 to $70.00.

Shares of Spire are trading down 2.67% over the last 24 hours, at $68.44 per share.

A move to $70.00 would account for a 2.29% increase from the current share price.

About Spire

Spire Inc is a public utility holding company with two key business segments: Gas Utility and Gas Marketing. The Gas Utility segment includes the regulated operations of Laclede Gas, Alabama Gas Corporation (Alagasco), and EnergySouth Inc. The Utilities businesses operations include the purchase, retail, distribution, and sale of natural gas in Missouri, Alabama, and Mississippi. The Gas Utility segment generates a majority of the company's revenue but is subject to seasonal fluctuations. The Gas Marketing segment includes Laclede Energy Resources, Inc, whose operations include the marketing of natural gas and related activities on a non-regulated basis.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.