B of A Securities Downgrades Southwest Gas Hldgs: Here's What You Need To Know

B of A Securities downgraded its rating of Southwest Gas Hldgs SWX to Neutral with a price target of $65.00, changing its price target from $87.00 to $65.00.

Shares of Southwest Gas Hldgs are trading down 4.23% over the last 24 hours, at $65.03 per share.

A move to $65.00 would account for a 0.05% decrease from the current share price.

About Southwest Gas Hldgs

Southwest Gas Holdings Inc is a utility company primarily engaged in the purchasing, distributing, and transporting of natural gas in the American Southwest. The company segments its activities into natural gas operations and Utility Infrastructure Services units. The first of these encompasses the company's core natural gas business as one of the largest distributors in the states of Arizona and Nevada. The natural gas operations division is responsible for roughly half of Southwest Gas' total revenue through the sale of natural gas to mainly residential and small commercial customers. The Utility Infrastructure Services segment generates the other half of the company's total revenue from the underground piping contractor services that its subsidiary, Centuri Construction Group, provides.

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