Jefferies cuts target to USD 106 for Southwest Gas stock

Published on 10/08/2026 at 20:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue fell 9.60 percent to USD 358.15 million. Southwest Gas stock was EUR 74.25 on October 8, 2026 versus EUR 73.75.

Key points in brief

Jefferies lowered its Southwest Gas price target from USD 107 to USD 106 on October 5, 2026, while retaining a Buy rating.
Second-quarter 2026 revenue fell 9.60 percent year over year to USD 358.15 million, while adjusted earnings per share reached USD 0.45.
The Lang & Schwarz price was EUR 74.25 after-hours on October 8, 2026, up 0.68 percent from EUR 73.75.
Southwest Gas has December 8 and December 9, 2026 investor events listed on its investor-relations page.

SWX, US8448951025, Illustration mit AI erstellt.

Southwest Gas (ISIN US8448951025) was trading at EUR 74.25 at Lang & Schwarz after-hours on October 8, 2026 at 8:13 p.m. CEST, up 0.68 percent versus the prior close of EUR 73.75. Investing.com reported on October 5, 2026 that Jefferies lowered its Southwest Gas target from USD 107 to USD 106 while maintaining a Buy rating.

Three recent analyst signals

On September 29, 2026, Scotiabank initiated coverage with a Sector Outperform rating and a USD 95.00 target, according to MarketBeat.

On October 1, 2026, Bank of America Securities maintained a Buy rating, while Scotiabank's USD 95.00 target was cited by Markets Insider. The sequence leaves the Jefferies target at USD 106, above both the USD 95.00 Scotiabank target and the USD 101.83 consensus target reported by MarketBeat.

What does the target cut change?

The valuation update puts the Great Basin expansion at the center of the debate. Jefferies cited a USD 2.3 billion project and projected annual earnings per share growth of 14.10 percent from 2025 through 2030, according to Investing.com.

The operating backdrop is mixed. Zacks reported that adjusted earnings per share reached USD 0.45 in the second quarter of fiscal 2026, below the USD 0.47 consensus estimate, while operating revenue fell 9.60 percent year over year to USD 358.2 million. Operating income rose 30.80 percent year over year to USD 84.3 million, giving investors a contrast between earnings quality and top-line pressure.

Next dates for Southwest Gas

Southwest Gas lists a Mizuho Power, Energy, Infrastructure Conference for December 8, 2026 and a Wells Fargo Energy and Power Symposium for December 9, 2026 on its investor-relations page. The dates provide the next scheduled venues for management commentary after the target revisions.

After-hours price and valuation

The finance quote for the NYSE listing was USD 83.23 on October 8, 2026 at 2:20 p.m. ET. Southwest Gas had a market capitalization of USD 6.0 billion and a 52-week range of USD 76.74 to USD 94.47 on that date.

Southwest Gas stock is valued through a regulated natural gas distribution business serving Arizona, Nevada and California. The combination of a USD 4.17 to USD 4.32 fiscal 2026 earnings-per-share outlook and the USD 358.15 million second-quarter revenue decline leaves the Great Basin investment plan as the key measurable growth factor. The further course of trading is shown by the continuously updated real-time quote of Southwest Gas stock.