Mizuho raises PT on Atmos Energy
26/09/2025 13:11
** Brokerage Mizuho raises price target on natural gas distributor Atmos Energy ATO.N to $170 from $164; maintains "neutral" rating ** The new price target represents a 2.1% upside to the stock's last close ** Brokerage believes the Texas House Bill 4384 will provide a significant boost to ATO's EPS in its forthcoming five-year outlook update ** "We do not expect the company to raise its 6-8% growth guidance, but see the top-end of that guide increasingly as a floor given the company's robust capital plan" - Mizuho ** Adds that ATO's balance sheet remains strong with healthy mix of equity financing anticipated ** However, brokerage remains neutral as it believes there is less relative valuation expansion available to ATO ** 4 of 14 brokerages rate the stock "buy" or higher, and 10 "hold"; their median PT is $163 - data compiled by LSEG ** Up to last close, stock up ~20% YTD (Reporting by Pranav Mathur in Bengaluru) ((Pranav.Mathur@thomsonreuters.com;))