Mizuho resumed coverage of Spire with an Outperform rating and $88 price target. The firm is updating its estimates to reflect the recently completed sale of Spire Storage and divestiture of Spire Marketing, noting that following these transactions, Spire has transformed into a fully regulated natural gas utility, simplifying the investment story and enhancing earnings visibility and cash flow predictability, the analyst tells investors in a research note. Mizuho adds it has revised its 2026-2029 adjusted EPS views to incorporate the company's recent portfolio repositioning, including the Spire TN acquisition, the divestitures of Storage, Marketing, and Spire Mississippi, as well as the expected impact of the upcoming Missouri GRC.
