BofA reinstated coverage of Atmos Energy (ATO) with a Buy rating and $156 price target Atmos stands out from peers as a high-quality gas local distribution company benefiting from high growth service areas, constructive regulatory jurisdictions, and a strong balance sheet, says the analyst, who believes the company can achieve above-average 14.4% rate base growth and a 7.4% EPS CAGR through 2029.

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Read More on ATO:

• Atmos Energy Announces Leadership Transition and Appointment

• Atmos Energy announces retirement of Karen Hartsfield as General Counsel

• Atmos Energy files $8B mixed securities shelf

• Atmos Energy price target raised to $165 from $148 at Mizuho

• Atmos Energy price target lowered to $143 from $145 at Morgan Stanley