Mizuho analyst Gabriel Moreen lowered the firm’s price target on Atmos Energy to $131 from $137 and keeps a Buy rating on the shares. The analyst cites compressed industry multiples for the target drop. Upcoming share catalysts include the fiscal 2024 guidance, which could be on the “shallower-end” of Atmos Energy’s 6%-8% earnings target as macro headwinds appear persistent in the immediate term, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on ATO:
- Atmos Energy price target raised to $124 from $122 at Morgan Stanley
- Nvidia upgraded, CrowdStrike downgraded: Wall Street’s top analyst calls
- Wells Fargo downgrades Atmos Energy to Equal Weight following strong performance
- Atmos Energy downgraded to Equal Weight from Overweight at Wells Fargo
- Atmos Energy initiated with an Equal Weight at Barclays
