In a report published Wednesday, Jefferies analyst Christopher Sighinolfi initiated coverage on UGI Corporation UGI with a Hold rating and $43.00 price target.
In the report, Jefferies noted, “UGI's history of solid execution, strong FCF and articulated growth strategy have enabled a diversification of its business mix and impressive LT EPS and dividend growth. However, shares are up 26% over the LTM, outpacing a marketcap-weighted peer index by ~1300 bps & trimming UGI's F2Y peer PE discount. We believe UGI's asset mix will result in sustained PE discounts vs. peers & see shares as fairly valued at current levels; we initiate at Hold.”
UGI Corporation closed on Tuesday at $39.20.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in