Spire Inc. Fiscal 2024 Year-End Earnings Conference Call on Nov. 20

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Ladenburg Thalmann Downgrades Spire (SR) to Sell

October 17, 2024 6:32 AM EDT

Ladenburg Thalmann analyst Paul Fremont downgraded Spire (NYSE: SR) from Neutral to Sell with a price target of $60.50 (from $65.50).

The analyst comments "Following an October 8th motion by MOPSC Staff to open an investigation ( Docket: GO-2025-0131 ) regarding a recent whistleblower complaint from a former Spire employee, we are downgrading Spire Inc. to SELL due to heightened regulatory uncertainty. The whistleblower complaint ( found here ) alleges Spire regulatory staff were instructed to hide or... More