Spire price target raised to $80 from $78 at Morgan Stanley

Morgan Stanley analyst David Arcaro raised the firm’s price target on Spire (SR) to $80 from $78 and keeps an Equal Weight 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.