One Gas upgraded to Outperform from Neutral at Mizuho

Mizuho upgraded One Gas (OGS) to Outperform from Neutral with a price target of $86, up from $77. The firm views benefits from the Texas HB 4384 legislation, upcoming regulatory catalysts, and interest rate tailwinds as reasons to be positive on One Gas shares. These are in addition to the stock’s “attractive valuation,” as One Gas trades at a modest discount to the peer group despite being a fully-regulated utility with a strong balance sheet, the analyst tells investors in a research note.