Suburban Propane price target raised to $25 from $24 at Argus

Argus raised the firm’s price target on Suburban Propane to $25 from $24 and keeps a Buy rating on the shares. The company’s recent results have been impacted by warm weather, but the firm anticipates “modest growth” in FY24 and FY25, the analyst tells investors in a research note. Suburban Propane also continues to refine its portfolio amid the transition to renewable energy, Argus stated, adding that the stock trades at a discount to its five-year average on most other valuation metrics.