Citigroup Maintains Neutral on Southwest Gas Hldgs, Raises Price Target to $73
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Ryan Levine has maintained a Neutral rating on Southwest Gas Holdings (SWX) and increased the price target from $64 to $73.

February 29, 2024 | 5:11 pm
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Citigroup has maintained a Neutral rating on Southwest Gas Holdings but raised the price target from $64 to $73.
The increase in price target by Citigroup, while maintaining a Neutral rating, suggests an expectation of solid performance from Southwest Gas Holdings. This adjustment reflects a positive outlook on the company's future earnings potential or operational efficiency, likely leading to a short-term positive impact on the stock price. The importance is rated at 75 due to the influence analyst ratings and price targets can have on investor sentiment and stock price movements. The confidence level is at 90, considering the direct impact such analyst actions typically have on market perception.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100