Spire price target raised to $55 from $53 at BofA

BofA raised the firm’s price target on Spire to $55 from $53 and keeps an Underperform rating on the shares after integrating the MoGas and Omega Pipeline earnings, net of weaker utility EPS, in the firm’s sum-of-the-parts valuation. The firm has no change to its view that there are “stronger growth stories with cleaner balance sheets among other LDCs,” or local distribution companies.