Atmos Energy price target raised by $2 at Mizuho, here’s why

Mizuho raised the firm’s price target on Atmos Energy to $133 from $131 and keeps a Buy rating on the shares after meeting with management. The company continues to view potential acquisitions as an inefficient opportunity cost relative to organic rate base investment, the analyst tells investors in a research note. The firm updated Atmos Energy’s model for the recent results and raised estimates.