KeyBanc Starts Southwest Gas (SWX) at Hold

April 29, 2013 5:43 PM EDT Send to a Friend
Get Alerts SWX Hot Sheet
Price: $57.26 -0.52%

Rating Summary:
    1 Buy, 6 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 15 | Down: 38 | New: 13
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KeyBanc initiated coverage on Southwest Gas (NYSE: SWX) with a Hold rating. Analyst Matt Tucker said he thinks current valuation is reasonable.

"We view SWX as a well-run gas utility company, coupled with a specialty utility pipeline contractor positioned to benefit from heightened levels of gas infrastructure spending over the next several years. In the near term, we think it may be difficult for SWX to generate utility earnings growth ahead of its peers’ average and consensus expectations," said Tucker.

For an analyst ratings summary and ratings history on Southwest Gas click here. For more ratings news on Southwest Gas click here.

Shares of Southwest Gas closed at $49.69 yesterday.

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