BUZZ-BofA lifts Southwest Gas rating to 'buy' on valuation
Reuters
Aug 29
BUZZ-BofA lifts <a href="https://laohu8.com/S/SWX">Southwest Gas</a> rating to 'buy' on valuation
** BofA Global Research upgrades energy firm Southwest Gas Holdings' SWX.N rating to "buy" from "neutral"; raises price target to $84 from $76
** New PT an ~8% upside to stock's last close
** Brokerage sees SWX's risk/reward profile improving as it sells its interest in Centuri Holdings CTRI.N and recycles capital into its core utility
** "We see the stock as undervalued compared to gas Local Distribution Company peers when considering the growth opportunity and view the current valuation as an attractive entry point" - BofA
** 4 of 7 brokerages rate the stock "buy" or higher and 3 "hold"; their median PT is $82 - data compiled by LSEG
** As of last close, stock up ~10% YTD
(Reporting by Dharna Bafna in Bengaluru)
((Dharna.bafna@thomsonreuters.com))
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