Citi upgraded Southwest Gas (SWX) to Buy from Neutral with a price target of $99, up from $82. Citi also added an “upside 30-day catalyst watch” on Southwest Gas into the Q4 earnings report. The company is positioned to raise its earnings guidance midpoint from 7% to 8%-plus, the analyst tells investors in a research note. The firm thinks Southwest’s new earnings outlook will be 10% through 2030, driven by Great Basin and regulatory developments.
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