ATO - Atmos Energy Bears The Brunt Of O&M Inflation Analyst Projects FY24 EPS At Lower End Of 6%-8% Growth Target | Benzinga
Mizuho analyst Gabriel Moreen reiterated a Buy rating on Atmos Energy Corporation (NYSE: ATO), lowering the price target to $131 from $137.
Moreen lowered the target multiple in the model valuation to 19.0x (from 20.0x) to reflect industry headwinds.
The analyst says the EPS estimate for FY24 of $6.42/share (down $0.01/share) implies 6.1% growth off of the midpoint of FY23 guidance of $6.05/share.
Moreen thinks this year-over-year growth would fall on the lower end of ...