Morgan Stanley has adjusted its price target for Spire (SR, Financial), raising it from $78 to $84. The firm maintains its Equal Weight rating on the utility company's shares. This update is part of a broader revision of price targets for Regulated & Diversified Utilities / Independent Power Producers (IPPs) across North America.
The financial services firm noted that utilities have recently outperformed the S&P 500, contributing to positive momentum within the sector. As the industry approaches the first quarter, Morgan Stanley anticipates that it will be relatively uneventful in terms of significant financial disclosures. Consequently, risk associated with tariff changes will remain a critical point of observation for investors.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 9 analysts, the average target price for Spire Inc (SR, Financial) is $76.56 with a high estimate of $83.00 and a low estimate of $69.00. The average target implies an downside of 1.56% from the current price of $77.77. More detailed estimate data can be found on the Spire Inc (SR) Forecast page.
Based on the consensus recommendation from 10 brokerage firms, Spire Inc's (SR, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Spire Inc (SR, Financial) in one year is $67.08, suggesting a downside of 13.75% from the current price of $77.77. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Spire Inc (SR) Summary page.
