Investing.com– Mizuho (NYSE:) reiterated its “outperform” score on IGU Company (NYSE:) and raised its value goal to $33, citing potential worth unlocked by operational enhancements and development in its midstream and utility companies.
The brokerage famous that whereas UGI shares have rallied because the firm’s fourth-quarter earnings launch, there may be nonetheless room for upside. New CEO Bob Flexon’s give attention to stabilizing AmeriGas and shutting the valuation hole has been effectively obtained, Mizuho mentioned.
AmeriGas, which continues to commerce at minimal market worth ranges, stays a key issue. Potential asset gross sales or operational stabilization might act as catalysts, the corporate added.
Mizuho mentioned UGI’s general valuation exceeds its present value, even underneath conservative assumptions.
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