Atmos Energy price target raised to $165 from $155 at Argus

Argus raised the firm’s price target on Atmos Energy (ATO) to $165 from $155 and keeps a Buy rating on the shares. The firm’s revised target price reflects solid company fundamentals trading and the stock’s participation in sector rotation favoring Utilities during a period of declining interest rates, the analyst tells investors in a research note. The company’s recent results have been volatile, but Argus sees a visible forward earnings stream based on cost controls and a well-balanced rate filing pipeline, the firm added.