Spire price target raised to $72 from $67 at Guggenheim

Guggenheim raised the firm’s price target on Spire (SR) to $72 from $67 and keeps a Neutral rating on the shares. The firm recently had “a very strong” round of meetings with Spire’s C-suite that highlighted Missouri as a “premium jurisdiction,” along with a de-risked rate case proceeding and a “conservative plan with upside opportunities,” but the firm adds that it “missed out on an entry point with shares outperforming the index by about 9%.” The firm will now seek a better entry point “in time” following the “constructive” meetings, the analyst tells investors.