Centuri price target raised to $28 from $20 at BofA

BofA raised the firm’s price target on Centuri (CTRI) to $28 from $20 and keeps an Underperform rating on the shares after Q4 results the firm calls “better than expected.” While the firm views progress as “encouraging,” it will look for more of a track record to develop, free cash flow to improve, and growth and bookings pivot back towards the electric side of the business to get more constructive.