As beforehand reported, BofA analyst Ross Fowler upgraded Southwest Fuel (SWX) to Impartial from Underperform with a value goal of $74, up from $69. The agency, which sees a balanced danger/reward profile with preliminary monetization motion taken to scale back the overhang from the pending Centuri (CTRI) separation, additionally cites an enhancing view of the regulatory assemble in Arizona. Southwest accomplished a 9M share secondary providing of a portion of their possession in Centuri, together with a $50M non-public placement of shares to Icahn Traders, notes the agency, whose calculations present Southwest receiving about $225M in web proceeds from the choices, taking good care of 2025-2026 fairness wants.
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