Suburban Propane price target lowered to $16 from $17 at Mizuho

Mizuho analyst Gabriel Moreen lowered the firm’s price target on Suburban Propane to $16 from $17 and keeps a Neutral rating on the shares. The units have declined modestly since the fiscal Q2 results that saw lower propane usage from a warm January/February, but Suburban raised its per unit margins that served as a moderate offset, the analyst tells investors in a research note.