Spire price target raised to $93 from $83 at Mizuho

Mizuho raised the firm’s price target on Spire (SR) to $93 from $83 and keeps an Outperform rating on the shares. The firm views Spire as one of the best ideas in gas utilities ideas. The shares should re-rate as the company’s Missouri territory pivots to a premium jurisdiction and its pending acquisition of Duke’s Nashville property delivers scale, the analyst tells investors in a research note.