Brean Capital Raises PT on Southwest Gas (SWX) to $53
Brean Capital today maintained a Buy rating on Southwest Gas (NYSE: SWX) and raised its price target of $53.00 (from $49.00). Analysts said they expect profitability to improve in 2013 even if revenues remain flat.
"In our view, consolidated EPS should improve materially in both 2013 and 2014 based on a better margin profile across the regulated and non-regulated operations," said analyst Michael Gaugler.
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 $45.30 yesterday, with a 52 week range of $39.01-$46.08.
"In our view, consolidated EPS should improve materially in both 2013 and 2014 based on a better margin profile across the regulated and non-regulated operations," said analyst Michael Gaugler.
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 $45.30 yesterday, with a 52 week range of $39.01-$46.08.