Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. FTS International (FTSI) initiated with an Overweight at Barclays, an Overweight at Piper Jaffray, an Outperform at Wells Fargo, an Outperform at Credit Suisse, an Overweight at Morgan Stanley, a Buy at Guggenheim and an Outperform at Evercore ISI. 2. Qorvo (QRVO) and Integrated Device (IDTI) initiated with an Overweight and Macom (MTSI) initiated with a Neutral at Piper Jaffray. 3. New Jersey Resources (NJR) and Vectren (VVC) initiated with a Neutral, One Gas (OGS) and Northwest Natural Gas (NWN) initiated with an Underperform and UGI (UGI) and Atmos Energy (ATO) initiated with a Buy at BofA/Merrill. 4. Park Hotels & Resorts (PK) initiated with a Neutral at Citi. 5. Tractor Supply (TSCO) initiated with an Outperform at Bernstein. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

Mizuho notes that a Bloomberg article published Friday morning states that a unit of Abu Dhabi National Oil Company, or ADNOC, is considering an investment in UGI Corporation's AmeriGas and references a potential valuation of "several" billion dollars, though it is unclear if this refers to enterprise value or equity value. The firm, which assumes the former, notes that the subsidiary has about $2.35B in net debt and estimates that a $3B valuation would therefore imply about $700M of equity value. Assuming a 49% stake, this would bring in about $350M of capital, added the firm, which has a Neutral rating and $27 price target on UGI shares.

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here

A unit of Abu Dhabi National Oil Company, or ADNOC, is considering a potential investment in UGI Corp.'s propane distribution unit AmeriGas, people with knowledge of the matter told Bloomberg's Vinicy Chan and Dinesh Nair. State-owned ADNOC is working with advisers to discuss the possible purchase of a stake in AmeriGas, the report said. A transaction could value AmeriGas at several billion US dollars, the sources added. Shares of UGI are up $1.74, or over 7%, to $25.53 in Friday morning trading following Bloomberg's report. Reference Link

Telsey Advisory raised the firm's price target on Tractor Supply to $275 from $250 and keeps an Outperform rating on the shares following the company's Q1 earnings preview. The company continues to execute well in rural America and, while there are near-term headwinds from macro pressures, the firm is confident the long-term earnings growth potential remains strong, the analyst tells investors. Further, many industry tailwinds catalyzed by COVID-19 should continue to support sales, the firm adds.

Mizuho analyst Gabriel Moreen raised the firm's price target on One Gas to $64 from $63 and keeps a Neutral rating on the shares. The firm cites higher estimates for the target bump.

Barclays raised the firm's price target on Tractor Supply to $234 from $192 and keeps an Equal Weight rating on the shares ahead of the Q1 report. The company's core consumables still seems to be moderating, but potentially offset by seasonal drivers and gross margin strength, the analyst tells investors in a research note. The firm is not expecting any change in Tractor Supply's outlook.