Atmos Energy price target raised to $121 from $118 at Wells Fargo

Wells Fargo analyst Sarah Akers raised the firm’s price target on Atmos Energy to $121 from $118 and keeps an Equal Weight rating on the shares. The firm notes the company reported strong Q1 results and appears setup to potentially exceed the 2024 guidance midpoint. The story checks a lot of boxes, and Wells would look to get more constructive on relative pullbacks, all else equal.