BofA lifts Southwest Gas rating to 'buy' on valuation

Southwest Gas Holdings

29/08/2025 13:38

** BofA Global Research upgrades energy firm Southwest Gas Holdings' SWX.N  rating to "buy" from "neutral"; raises price target to $84 from $76

** New PT an ~8% upside to stock's last close

** Brokerage sees SWX's risk/reward profile improving as it sells its interest in Centuri Holdings CTRI.N and recycles capital into its core utility

** "We see the stock as undervalued compared to gas Local Distribution Company peers when considering the growth opportunity and view the current valuation as an attractive entry point" - BofA

** 4 of 7 brokerages rate the stock "buy" or higher and 3 "hold"; their median PT is $82 - data compiled by LSEG

** As of last close, stock up ~10% YTD

 (Reporting by Dharna Bafna in Bengaluru)

 ((Dharna.bafna@thomsonreuters.com))