UGI Corporation (UGI) PT Raised to $33 at Jefferies

December 11, 2024 10:00 AM EST
Get Alerts UGI Hot Sheet
Price: $35.37 +0.31%

Rating Summary:
    4 Buy, 3 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Jefferies analyst Julian Dumoulin-Smith raised the price target on UGI Corporation (NYSE: UGI) to $33.00 (from $28.00) while maintaining a Buy rating.

The analyst comments "UGI (+) struck confidence on its turnaround, pointing to meaningful progress by Dec. 2025. Near-term hires will drive continued AmeriGas execution, along with International divestments, potential upside on gas marketing, and refinancing of 2026 debt will continue to drive a near-term re-rating, in our view. Reit Buy on re-rating potential. We raise our PT from US$28 to US$33 on our gas thesis."



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