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Jefferies Starts Southwest Gas (SWX) at Hold

April 2, 2014 6:59 AM EDT
Get Alerts SWX Hot Sheet
Price: $76.13 +1.57%

Rating Summary:
    3 Buy, 7 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Jefferies initiates coverage on Southwest Gas (NYSE: SWX) with a Hold rating and a price target of $55.00.

Analyst Christopher Sighinolfi comments, "SWX is the largest gas utility in AZ & NV and is poised to benefit from ongoing regional economic & housing recoveries. NPL Construction complements the utility profile & provides an unregulated growth driver. However, we see shares as fairly valued and are initiating with a $55 PT & Hold rating."

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 $53.55 yesterday.


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