Wells Fargo Upgrades UGI to Overweight, Lowers Price Target to $27
Portfolio Pulse from richadhand@benzinga.com
Wells Fargo analyst Sarah Akers has upgraded UGI (NYSE:UGI) from Equal-Weight to Overweight and lowered the price target from $28 to $27.
August 28, 2023 | 9:55 am
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UGI has been upgraded to Overweight from Equal-Weight by Wells Fargo, although the price target has been lowered from $28 to $27.
The upgrade to Overweight indicates that the analyst believes UGI's stock will outperform the market or its sector in the short term. However, the lowering of the price target suggests a slightly less optimistic outlook on the stock's future price. This could lead to increased buying pressure in the short term, but the reduced price target may limit the upside potential.
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IMPORTANCE 80
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