Investing
Mizuho raises UGI price target to $33 By Investing.com
Investing.com — Mizuho (NYSE:) reiterated its “outperform” rating on UGI Corporation (NYSE:) and raised its price target to $33, citing potential value unlock through operational improvements and growth in its midstream and utilities businesses.
The brokerage noted that while UGI shares have rallied since the company’s fourth-quarter earnings call, there is further room for upside. New CEO Bob Flexon’s focus on stabilizing AmeriGas and addressing the valuation gap has been well-received, Mizuho said.
AmeriGas, which continues to trade at minimal equity value expectations, remains a key factor. Potential asset sales or operational stabilization could act as catalysts, the firm added.
Mizuho said the sum-of-the-parts valuation for UGI exceeds its current trading price, even under conservative assumptions.
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Mizuho raises UGI price target to $33 By Investing.com
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