Laclede upgraded to Buy from Hold at Stifel Stifel upgraded Laclede to Buy from Hold citing the acquisition of Alabama Gas for $1.34B. The firm views the transaction as accretive to shareholders in FY15 and adds geographic and regulatory diversity. Price target is $50.
Laclede downgraded to Underweight from Neutral at JPMorgan JPMorgan downgraded Laclede to Underweight saying rate case uncertainty in 2017 and the recent appreciation in shares limit upside potential going forward. the firm cut its price target for shares to $52 from $55.