Brean Murray Carret & Co. Assumes Coverage on Southwest Gas (SWX) at Hold; Risk/Reward Neutral

Brean Murray Carret & Co. assumes coverage on Southwest Gas (NYSE: SWX) with a Hold.

Brean analyst says, "While we remain optimistic over the company's ability to navigate the difficult end-market conditions related to residential construction and high foreclosure/vacant property levels in its regulated service territories, we note the shares now trade toward the high end of their trailing and forward valuation ranges, and also at a dividend yield that is toward the low end of the historical range and significantly below peer group average. We await future catalyst(s) before recommending investors add to existing positions."

For more ratings news on Southwest Gas click here and for the rating history of Southwest Gas click here.

Shares of Southwest Gas closed at $38.54 yesterday.

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