UGI Corporation price target raised to $39 from $38 at Mizuho

Mizuho raised the firm’s price target on UGI Corporation (UGI) to $39 from $38 and keeps an Outperform rating on the shares. The market’s shift last week towards a “risk on” environment. While this may compress natural gas u ilities multiples in the near-term, the long-term investment theses are largely intact and the group is well positioned in the event of a reversion to risk-off sentiment, the analyst tells investors in a research note.