UGI Corporation price target lowered to $37 from $40 at Barclays

Barclays analyst Theresa Chen lowered the firm’s price target on UGI Corporation to $37 from $40 and keeps an Underweight rating on the shares. The analyst says producer commentary around the near-term gas production outlook is in focus heading into the Q1 earnings season for North America midstream and refining. The firm says macro factors are largely driving equity price performance in the current market.