BofA lowered the firm’s price target on UGI Corporation to $22 from $25 and keeps an Underperform rating on the shares after the company’s Q4 update. The firm is awaiting a “likely” rebasing of the 6%-10% EPS CAGR upon resolution of the AmeriGas strategic review. BofA added that 2024 guidance was “underwhelming” on lower LPG volumes.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on UGI:
- UGI Corporation sees FY24 adjusted EPS $2.70-$3.00, consensus $2.75
- UGI Corporation reports Q4 EPS 61c, consensus (6c)
- UGI Corporation options imply 4.1% move in share price post-earnings
- UGI Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- UGI Corporation names Jason Rich as Vice President and Treasurer
