Tiger Brokers

BUZZ-Jefferies initiates coverage on Spire with 'buy' rating

Reuters
Oct 07
BUZZ-Jefferies initiates coverage on Spire with 'buy' rating

** Jefferies initiates coverage on utility company Spire SR.N with "buy" rating, PT at $92

** New PT an upside of 12.9% from the stocks last close

** Jefferies says co is entering a new phase of growth as Missouri's updated rules and rate changes improve earnings visibility and reduce regulatory delays

** Notes co's Tennessee acquisition marks a strategic shift toward stable, regulated growth, with earnings benefits expected to build over time

** Brokerage sees long-term growth for Spire from rising gas demand in Missouri, driven by power shifts and data center expansion

** Three of eight brokerages rate the stock "buy" or higher, four "hold" and one "sell"; their median PT is $80.50 - data compiled by LSEG

** As of last close, stock has risen 20.1% YTD

(Reporting by Apratim Sarkar in Bengaluru)

((Apratim.Sarkar@thomsonreuters.com))

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