BofA Securities Starts Centuri Holdings Inc (CTRI) at Neutral

BofA Securities analyst Sherif El-Sabbahy initiates coverage on Centuri Holdings Inc (NYSE: CTRI) with a Neutral rating and a price target of $26.00.

The analyst comments "We initiate coverage of Centuri, with a Neutral rating and $26 price objective. Spun off from Southwest Gas in April, Centuri is the 3rd largest utility services provider in North America (NA) serving electric/gas companies that have ~100 million customers. The firm is itself a roll-up of regional utility services firms, and as an independent company has significant opportunities to right size cost base, expand wallet share with customers and pursue M&A as leverage falls. While Centuri has myriad of long-term growth drivers, and some medium-term margin gains to come, we think the company’s progress/potential has yet to be realized – and may take time to materialize."

For an analyst ratings summary and ratings history on Centuri Holdings Inc click here. For more ratings news on Centuri Holdings Inc click here.

Shares of Centuri Holdings Inc closed at $25.39 yesterday.

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