What exactly did Morgan Stanley change for Spire Inc. on Feb 20, 2026?

Morgan Stanley maintained an **Overweight** rating and raised the price target to **$100** on **Feb 20, 2026**. This action is a positive SR analyst rating update, showing improved valuation assumptions rather than a full rating upgrade.

How should investors interpret the SR analyst rating being maintained?

A maintained SR analyst rating means the analyst still favors the stock but sees no reason to move to a higher conviction. The raised target suggests expected upside, while the unchanged rating signals steady confidence.

Does the SR analyst rating affect dividend or income investors?

Yes. The maintained SR analyst rating with a higher target supports income investors who value regulated cash flow. But they must weigh this against interest rate risk and regulatory timing for Spire Inc.

Where can I read the Morgan Stanley note cited in the SR analyst rating story?

TheMorgan Stanley note summary was reported by TheFly. See the summary here: [TheFly report on SR](https://thefly.com/permalinks/entry.php/id4297566/1462286394/SR-Spire-price-target-raised-by--at-Morgan-Stanley-heres-why).

Analyst Ratings

Feb 20, 2026 Morgan Stanley Maintains Overweight on Spire Inc. (SR) PT $100

ByHuzaifa Zahoor February 23, 2026February 23, 2026

Morgan Stanley on Feb 20, 2026 maintained an Overweight call on Spire Inc., setting the tone for the latest SR analyst rating update. The firm also raised its price target to $100 from $93, according to TheFly. This SR analyst rating keeps Morgan Stanley constructive on the utility and regulated cash flows at Spire Inc. Meyka AI rates SR with a grade of B+. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. These notes are market analysis and not financial advice.