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Investing.com — Mizuho (NYSE:) reiterated its “outperform” score on UGI Company (NYSE:) and raised its worth goal to $33, citing potential worth unlock by operational enhancements and development in its midstream and utilities companies.
The brokerage famous that whereas UGI shares have rallied for the reason that firm’s fourth-quarter earnings name, there’s additional room for upside. New CEO Bob Flexon’s deal with stabilizing AmeriGas and addressing the valuation hole has been well-received, Mizuho mentioned.
AmeriGas, which continues to commerce at minimal fairness worth expectations, stays a key issue. Potential asset gross sales or operational stabilization might act as catalysts, the agency added.
Mizuho mentioned the sum-of-the-parts valuation for UGI exceeds its present buying and selling worth, even underneath conservative assumptions.
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