Citi Opens 90-Day Upside Catalyst Watch on Southwest Gas (SWX)

Citi analyst Ryan Levine reiterated a Neutral rating and $76.00 price target on Southwest Gas (NYSE: SWX).

The analyst comments "We are more positive on SWX given 1) potential recovery of utility capex in 2H24 should help Centuri results, 2) the Centuri CEO search process to conclude by 2H should improve the ability of SWX to exit its stake at a more favorable exchange ratio, and 3) October 3 workshop in Arizona at the ACC should demonstrate the commission is supportive of moving the state toward a forward test year or a formula rate."

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 $70.58 yesterday.

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