Centuri price target lowered to $15 from $21 at BofA

BofA analyst Sharif El-Sabbahy lowered the firm’s price target on Centuri to $15 from $21 and keeps an Underperform rating on the shares. The firm, which lowered its revenue estimates 5%-7% and EBITDA estimates 5%-6% to account for the company’s updated outlook, also lowered the multiple it applies to its lower estimates as BofA rolls forward its valuation framework.