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APU

AmeriGas

$34.87

0.15 (0.43%)

, UGI

UGI Corporation

$56.77

-0.24 (-0.42%)

07:11
11/30/18
11/30
07:11
11/30/18
07:11

Jefferies upgrades AmeriGas to Buy, sees potential deal with UGI

Jefferies analyst Christopher Sighinolfi upgraded AmeriGas Partners (AGP) to Buy from Hold while lowering his price target for the shares to $40 from $41. Given the "stock price divergence," the analyst sees an opportunity for UGI Corporation (UGI) to accretively acquire AmeriGas via a stock-for-unit transaction. A 22.5% premium to respective 30-day volume weighted average prices, consistent with the Oneok (OKE)/Oneok Partners (OKS) merger in 2017, implies an average of 4% earnings accretion though fiscal 2023 for UGI, Sighinolfi tells investors in a research note.

APU

AmeriGas

$34.87

0.15 (0.43%)

UGI

UGI Corporation

$56.77

-0.24 (-0.42%)

OKE

Oneok

$61.34

0.84 (1.39%)

OKS

Oneok Partners

$0.00

(0.00%)

  • 04

    Dec

APU AmeriGas
$34.87

0.15 (0.43%)

03/19/18
JPMS
03/19/18
DOWNGRADE
Target $44
JPMS
Underweight
AmeriGas downgraded to Underweight from Neutral at JPMorgan
JPMorgan analyst Jeremy Tonet downgraded AmeriGas Partners to Underweight and lowered his price target for the shares to $44 from $46. The analyst sees a challenging industry for retail propane distribution master limited partnerships and greater total return potential elsewhere.
03/19/18
03/19/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Arista Networks (ANET) downgraded to Sell from Hold at Deutsche Bank with analyst Vijay Bhagavath saying he is more cautious on the company's beat and raise story after his primary research indicated volatility in product orders. 2. GrubHub (GRUB) downgraded to Hold from Buy at Stifel with analyst John Egbert citing valuation as near-term risk/reward appears balanced at current levels. 3. Akcea Therapeutics (AKCA) downgraded to Market Perform from Outperform at Wells Fargo with analyst Jim Birchenough saying he sees the shares as fairly valued ahead of the expected volanesorsen approval and launch by July 6. 4. Zoetis (ZTS) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst David Risinger saying shares are approaching his $87 price and now sees more balanced risk/reward. 5. Suburban Propane (SPH) and AmeriGas (APU) were downgraded to Underweight from Neutral at JPMorgan. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/30/18
JEFF
11/30/18
UPGRADE
Target $40
JEFF
Buy
AmeriGas upgraded to Buy from Hold at Jefferies
Jefferies analyst Christopher Sighinolfi upgraded AmeriGas Partners to Buy while lowering his price target for the shares to $40 from $41.
UGI UGI Corporation
$56.77

-0.24 (-0.42%)

04/20/18
04/20/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Twitter (TWTR) upgraded to Buy from Neutral at MKM Partners with analyst Rob Sanderson telling investors that the service is "here to stay," citing its rebounding user growth and continued turnaround progress. 2. Macerich (MAC) upgraded to Outperform from Market Perform at BMO Capital and to Buy from Neutral at Mizuho. 3. Home Bancshares (HOMB) upgraded to Buy from Hold at Sandler O'Neill and to Outperform from Market Perform at Fig Partners. 4. UGI Corporation (UGI) upgraded to Buy from Neutral at UBS with analyst Shneur Gershuni saying the company offers above average earnings growth potential and strong financial metrics. 5. Darden (DRI) upgraded to Outperform from Market Perform 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.
06/05/18
06/05/18
DOWNGRADE
Target $51

Neutral
UGI Corporation downgraded to Neutral on valuation at BofA/Merrill
As previously reported, BofA/Merrill downgraded UGI Corporation to Neutral from Buy and raised its price target to $51 from $50. Analyst Dennis Coleman views valuation as full and does not see strong drivers to support further expansion of the multiple.
06/05/18
BOFA
06/05/18
DOWNGRADE
BOFA
Neutral
UGI Corporation downgraded to Neutral from Buy at BofA/Merrill
04/20/18
UBSW
04/20/18
UPGRADE
Target $52
UBSW
Buy
UGI Corporation upgraded to Buy on earnings growth potential at UBS
UBS analyst Shneur Gershuni upgraded UGI Corporation to Buy from Neutral and raised his price target for the shares to $52 from $48. The company offers above average earnings growth potential and strong financial metrics, Gershuni tells investors in a research note. He expects UGI can grow earnings at an 8.2% annually over the next three years, which is above the peer average of 6.1%. The stock currently trades at a "significant discount" to peers, Gershuni contends.
OKE Oneok
$61.34

0.84 (1.39%)

11/02/18
11/02/18
UPGRADE

Buy
Oneok upgraded to Buy following strong results at BofA/Merrill
As previously reported, BofA/Merrill upgraded Oneok to Buy from Neutral and raised its price target to $75 from $71 following the strong Q3 report and raised guidance. Analyst Dennis Coleman believes shares should trade at a premium to peers given the high quality project backlog, strong balance sheet, and expanding opportunity set.
11/28/18
MZHO
11/28/18
INITIATION
Target $70
MZHO
Neutral
Oneok initiated with a Neutral at Mizuho
Mizuho analyst Gabriel Moreen initiated Oneok with a Neutral rating and $70 price target.
11/29/18
SBSH
11/29/18
UPGRADE
Target $67
SBSH
Buy
Oneok upgraded to Buy from Neutral at Citi
Citi analyst Timm Schneider upgraded Oneok to Buy with an unchanged price target of $67. The analyst believes the company's "consistent" track record of value creation and above average return on invested capital should warrant a premium valuation.
11/02/18
BOFA
11/02/18
UPGRADE
BOFA
Buy
Oneok upgraded to Buy from Neutral at BofA/Merrill
OKS Oneok Partners
$0.00

(0.00%)

TODAY'S FREE FLY STORIES

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  • 12

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SHAK

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  • 13

    Jan

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0.62 (0.43%)

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CAT

Caterpillar

$146.49

2.42 (1.68%)

10:58
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  • 31

    Jan

BILL

Bill.com

$0.00

(0.00%)

10:58
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  • 12

    Dec

EH

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$0.00

(0.00%)

10:58
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Breaking Syndicate news story on Ehang »

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  • 12

    Dec

BBU

Brookfield Business Partners

$40.99

(0.00%)

, GNW

Genworth

$4.60

0.135 (3.03%)

10:55
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Genworth completes Genworth MI Canada stake sale to Brookfield Business Partners »

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BBU

Brookfield Business Partners

$40.99

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GNW

Genworth

$4.60

0.135 (3.03%)

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  • 12

    Dec

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TSLA

Tesla

$359.21

6.81 (1.93%)

10:51
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  • 07

    Jan

GE

General Electric

$11.42

0.44 (4.01%)

10:46
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On The Fly
GE jumps as UBS predicts positive inflection point in 2020 »

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  • 29

    Jan

BILL

Bill.com

$0.00

(0.00%)

10:45
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Breaking Syndicate news story on Bill.com »

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  • 12

    Dec

ABBV

AbbVie

$88.15

1.46 (1.68%)

10:45
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AbbVie call volume above normal and directionally bullish »

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10:45
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SBUX

Starbucks

$88.83

2.24 (2.59%)

, BHC

Bausch Health

$31.07

1.745 (5.95%)

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On The Fly
GE, Starbucks, Bausch upgrades among today's top analyst calls »

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SBUX

Starbucks

$88.83

2.24 (2.59%)

BHC

Bausch Health

$31.07

1.745 (5.95%)

AAPL

Apple

$271.38

0.67 (0.25%)

HD

Home Depot

$213.65

1.69 (0.80%)

MMM

3M

$170.04

1.31 (0.78%)

GE

General Electric

$11.42

0.44 (4.01%)

03/08/13
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  • 22

    Dec

  • 29

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  • 29

    Jan

  • 25

    Feb

EH

Ehang

$0.00

(0.00%)

10:39
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  • 12

    Dec

WDDMF

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$0.00

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, ACB

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$2.46

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Zynerba

$5.68

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CGC

Canopy Growth

$20.35

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$0.81

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CRON

Cronos Group

$6.89

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IGC

India Globalization Capital

$0.67

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CVSI

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$0.00

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CANN

General Cannabis

$0.00

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TCNNF

Trulieve Cannabis

$0.00

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  • 16

    Dec

  • 17

    Dec

PTVCA

Protective Insurance

$15.36

(0.00%)

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ADSK

Autodesk

$178.55

-1.315 (-0.73%)

10:35
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BILL

Bill.com

$0.00

(0.00%)

10:35
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  • 12

    Dec

USO

United States Oil Fund

$12.45

0.16 (1.30%)

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