Spire initiated with a Neutral at Ladenburg

Ladenburg analyst Paul Fremont initiated coverage of Spire with a Neutral rating and $57.50 price target. The firm believes that Spire’s primary subsidiaries, Spire Alabama and Spire Missouri, are poised for continued growth due to favorable commissions and legislation. The firm also notes that Spire completed the acquisition of the MoGas Pipeline system from CorEnergy Infrastructure Trust in January and believes this will improve the performance of the Midstream segment and increase revenues.