Transportadora de Gas del Sur initiated with a Buy at Citi

Citi initiated coverage of Transportadora de Gas del Sur (TGS) with a Buy rating and $35 price target The company is in a “unique position” to benefit from the first wave of sizable domestic infrastructure investment opportunities, the analyst tells investors in a research note. The firm says the consolidation of fiscal adjustment in Argentina could also drive a share re-rating on lower costs and better funding opportunities.