Wells Fargo analyst Sarah Akers raised the firm’s price target on Atmos Energy to $156 from $145 and keeps an Overweight rating on the shares ahead of the busy Q3/EEI season. The firm expects business as usual with Atmos’ fiscal year-end 2024 report. This means strong 2024 actuals and a 2025 guidance range that is consistent with a 6%-8% increase vs. normalized 2024. Wells also expects another healthy capex increase that continues to support a 6%-8% EPS growth rate for the period 2025-2029.
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