Spire price target raised to $65.50 from $64.50 at Ladenburg

Ladenburg raised the firm’s price target on Spire to $65.50 from $64.50 and keeps a Neutral rating on the shares. The firm reduced 2025 earnings per share estimates by 3c due to updated assumptions on the timing and recovery of rates and the removal of a one-time benefit from a financial transaction. It cites a sum of the parts valuation approach for the target increase.