The firm's new price target target suggests shares could gain 19% in the next year from where the stock closed Friday.
UGI Corporation has room to grow despite near-term headwinds, according to Wells Fargo. Analyst Sarah Akers upgraded the natural gas and propane distributor to overweight from equal weight and lowered her price target by $1 to $27. Akers' new target suggests shares could still gain 19% in the next year from where shares closed Friday.
inventory has struggled due to higher exports. The turnaround that Wells expects at UGI comes after the stock lost more than 19% in 2022. The bank's outlook now assumes flat growth for UGI. UGI 5Y mountain UGI shares over the past five years The bank's new price target takes into account structural headwinds but it believes the stock has fallen far enough that offers a "sufficiently attractive" valuation, Akers wrote.
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