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UPDATE: Societe Generale Initiates Southwestern Energy at Buy on Asset Value

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Benzinga's Top Upgrades
Vetr Top Raters: Southwest Energy A Strong Buy
The Vetr community has upgraded $SWN to 3.5-Stars. (Vetr)

Societe Generale initiated coverage on Southwestern Energy (NYSE: SWN) with a Buy rating and a $41 price target.

Societe Generale said, "We initiate coverage of Southwestern Energy (SWN) with a BUY rating and a target price (TP) of $41 (based on a risked net asset value calculation, supported by a multiples analysis), representing a 23.8% TSR with a reward to risk ratio of 1.8x. We consider the risk profile to be greater for SWN vs either RRC or EQT and therefore would consider our recommendation geared to investors looking for a way to invest in the natural gas price recovery."

Southwestern Energy closed at $33.12 on Tuesday.

Latest Ratings for SWN

DateFirmActionFromTo
Aug 2016CitigroupMaintainsNeutral
Jul 2016BarclaysMaintainsUnderweight
Jul 2016Raymond JamesDowngradesOutperformMarket Perform

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Posted-In: Societe GeneraleAnalyst Color Initiation Intraday Update Analyst Ratings

 

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