Mizuho raised the firm’s price target on Atmos Energy (ATO) to $170 from $164 and keeps a Neutral rating on the shares. The firm updated the company’s model to reflect the Q3 report and Texas HB 4384 legislation, which it believes will provide a “significant boost” to Atmos’ earnings in its forthcoming five-year outlook update. However, the analyst sees less relative valuation expansion for the shares.
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