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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100