Atmos Energy price target lowered to $118 from $128 at Wells Fargo

Wells Fargo lowered the firm’s price target on Atmos Energy to $118 from $128 and keeps an Equal Weight rating on the shares. Atmos reported solid results, initiated 2024 EPS guidance that was slightly above consensus and rolled forward the capital plan, which is supportive of the 6%-8% EPS growth rate, the analyst tells investors in a research note.