Morgan Stanley Maintains Equal-Weight on Atmos Energy, Lowers Price Target to $179
Morgan Stanley analyst Stephen Byrd maintains Atmos Energy (NYSE:ATO) with a Equal-Weight and lowers the price target from $190 to $179.
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Atmos Energy (NYSE:ATO) affirms FY2026 GAAP EPS guidance from $8.40-$8.50 to $8.40-$8.50 vs $8.46 analyst estimate..
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Morgan Stanley analyst Stephen Byrd maintains Atmos Energy (NYSE:ATO) with a Equal-Weight and lowers the price target from $190 to $179.
Atmos Energy plans $26 billion in capital spending through fiscal 2030, with over 80% allocated to safety and reliability. The company has implemented $396.1 million in annualized rate increases with $334.1 million more pending. Texas pipeline projects aim to boost Dallas-Fort Worth capacity by year-end 2026. ATO expects fiscal 2026 earnings of $8.40-$8.50 with projected 6-8% EPS growth going forward, supported by favorable regulation that allows quick recovery of infrastructure investments through customer rates.
Analysts downgraded Novo Nordisk, Chewy, NuScale Power and Atmos Energy, cutting price targets for three companies.
JP Morgan analyst Jeremy Tonet downgrades Atmos Energy (NYSE:ATO) from Overweight to Neutral and lowers the price target from $198 to $180.