Spire (SR) PT Raised to $93 at Mizuho

Mizuho analyst Gabriel Moreen raised the price target on Spire (NYSE: SR) to $93.00 (from $83.00) while maintaining a Outperform rating.

The analyst comments "We reiterate Outperform on SR and raise our PT to $93/sh (from $83/sh) as we continue to see SR as one of our best gas utility ideas on a valuation re-rate as its MO territory pivots to a premium jurisdiction and its pending acquisition of DUK’s Nashville, TN property delivers scale and relevance within the broader sector. Relative to our initial take at accretion from the pending TN deal, we believe our accretion/dilution outlook is trending better than initially expected. While we still do not incorporate the acquisition into our estimates (expected close F2Q26), we believe the acquisition is likely to prove initially accretive to adj EPS in its first full year (FY27) versus prior expectations for modest dilution. Finally, we expect SR to provide both a FY26/27 outlook when reporting F4Q25 in November and news on SR’s potential natural gas storage sale by year-end."

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