Spire price target lowered to $64 from $67 at Wells Fargo

Wells Fargo lowered the firm’s price target on Spire to $64 from $67 and keeps an Equal Weight rating on the shares. Spire’s fiscal year-end update was mixed, as 2023 was soft vs. expectations, but guidance for 2024 was better and financing needs appear manageable, the analyst tells investors in a research note.