Brean Capital Downgrades Southwest Gas (SWX) to Hold

May 13, 2013 7:11 AM EDT Send to a Friend
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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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Brean Capital downgraded Southwest Gas (NYSE: SWX) from Buy to Hold with a price target of $52.00 (from $53.00) on valuation.

The firm notes: "1Q13 results held few surprises. Diluted EPS of $1.73 was nicely above our $1.64 forecast, as both the regulated utility and construction services businesses performed above expectations. 1Q13 results showed solid improvement YOY, a trend we expect to continue in both 2013 and 2014, as SWX continues to benefit from rate case activity and customer growth."

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 $50.23 yesterday.

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