UGI Corporation price target lowered to $26 from $29 at Mizuho

Mizuho lowered the firm’s price target on UGI Corporation to $26 from $29 and keeps a Neutral rating on the shares. The analyst says investor interest in UGI remains high as interim CEO Mario Longhi takes over and the strategic review of AmeriGas nears its sixth month. The firm sees some upside to free cash flow and leverage metrics with budget cuts, but says the company’s run-rate earnings capacity has “significantly downshifted.”