Morgan Stanley analyst David Arcaro lowered the firm’s price target on Atmos Energy (ATO) to $156 from $159 and keeps an Overweight rating on the shares. The firm is updating its price targets for stocks in the Regulated & Diversified Utilities / IPPs North America sector, noting utilities underperformed the S&P in May, the analyst tells investors.
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Read More on ATO:
- Atmos Energy price target raised to $165 from $155 at Argus
- Atmos Energy price target lowered to $159 from $160 at Morgan Stanley
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