UGI Corporation price target lowered to $33 from $38 at Mizuho

Mizuho analyst Gabriel Moreen lowered the firm’s price target on UGI Corporation to $33 from $38 and keeps a Neutral rating on the shares. The firm believes UGI is committed to its global propane operations, pointing to recent corporate-level contributions to alleviate AmeriGas’ debt covenants as evidence, but still sees “few material catalysts” that can reverse challenges at AmeriGas in the near-term.