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UGI

UGI Corporation

$47.33

-0.305 (-0.64%)

, APU

AmeriGas

$31.35

-0.16 (-0.51%)

16:20
08/12/19
08/12
16:20
08/12/19
16:20

AmeriGas, UGI announce deadline for election of form of merger consideration

UGI Corporation (UGI) and AmeriGas Partners, L.P. (APU) announced that, in connection with UGI's proposed merger between a subsidiary of UGI and AmeriGas, the deadline for record holders of AmeriGas common units to elect the form of consideration they wish to receive in connection with the merger, subject to proration, is 5:00 p.m. Eastern Daylight Time on August 20, 2019, which is based on the current expectation that the merger will be completed on August 21, 2019.

UGI

UGI Corporation

$47.33

-0.305 (-0.64%)

APU

AmeriGas

$31.35

-0.16 (-0.51%)

UGI UGI Corporation
$47.33

-0.305 (-0.64%)

04/03/19
BOFA
04/03/19
UPGRADE
BOFA
Buy
UGI Corporation upgraded to Buy from Neutral at BofA/Merrill
04/03/19
04/03/19
UPGRADE
Target $58

Buy
UGI Corporation upgraded to Buy on valuation at BofA/Merrill
As previously reported, BofA/Merrill upgraded UGI Corporation to Buy from Neutral with a $58 price target. Analyst Dennis Coleman views the sell-off in shares following the acquisition of AmeriGas (APU) as overdone and would be a buyer of shares.
04/05/19
JEFF
04/05/19
UPGRADE
JEFF
Buy
UGI Corporation upgraded to Buy from Hold at Jefferies
Jefferies analyst Christopher Sighinolfi upgraded UGI Corporation to Buy from Hold.
04/05/19
JEFF
04/05/19
NO CHANGE
JEFF
Buy
Jefferies upgrades UGI, downgrades AmeriGas after deal announcement
As previously reported, Jefferies analyst Christopher Sighinolfi upgraded UGI Corporation (UGI) to Buy from Hold and downgraded AmeriGas Partners (APU) to Hold from Buy after the company's recent announcement that UGI will acquire AmeriGas's publicly-held LP units for cash and stock. He views the deal as a "logical solution" with benefits for both and thinks the merger frees up more than $200M per year in cash for UGI while also resulting in EPS accretion and enhanced optionality without any step-out in risk. Since the merger terms implies a $37.50/unit valuation for AmeriGas, the total return potential falls short of the firm's Buy threshold, Sighinolfi said.
APU AmeriGas
$31.35

-0.16 (-0.51%)

02/25/19
02/25/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Norwegian Cruise Line (NCLH) upgraded to Outperform from Neutral at Macquarie. 2. Brunswick (BC) upgraded to Overweight from Neutral at JPMorgan by analyst Steven Zaccone, who said that following recent "encouraging" data points on the marine industry, macro backdrop, and company-specific growth drivers, the setup is more favorable to own Brunswick in 2019. 3. UGI Corporation (UGI) upgraded to Buy from Neutral at UBS by analyst Shneur Gershuni, who said the 8% selloff since mid-December is an overreaction to the company's recent Q1 miss on the back of warm weather. The analyst believes UGI's strategic review of AmeriGas (APU) could "substantially increase" the company's cash flow and market capitalization if a roll-up is the outcome.4. Infinera (INFN) upgraded to Neutral from Sell at MKM Partners by analyst Michael Genovese, who said the company's commentary about new bookings was better than he expected. Genovese also noted that management's view of significant backlog growth in Q4 and expectations for another increase in Q1, but warned that there is still "significant risk" to Infinera's 2019 revenue outlook being a "high hurdle." 5. Adidas (ADDYY) upgraded to Outperform from Market Perform at Wells Fargo by analyst Tom Nikic, who said his math suggests a greater-than-expected contribution from the long-awaited democratization of the Yeezy sub-brand. The company seems to have hit a ''lull'' on new product launches for the core brand and faces headwinds from the 2018 World Cup through Q2 of 2019, but Nikic believes these challenges are well understood by investors, and the ''opening the faucet'' on the Yeezy brand can get Adidas through these 2019 challenges and allow for a ''soft landing'' on the top line in 2019. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/02/19
JANY
04/02/19
DOWNGRADE
JANY
Neutral
AmeriGas downgraded to Neutral from Buy at Janney Montgomery Scott
04/05/19
JEFF
04/05/19
DOWNGRADE
JEFF
Hold
AmeriGas downgraded to Hold from Buy at Jefferies
Jefferies analyst Christopher Sighinolfi downgraded AmeriGas Partners to Hold from Buy.

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TBLT

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MXIM

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NVDA

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TWTR

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TJX

TJX

$51.55

0.13 (0.25%)

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MLND

Millendo Therapeutics

$7.26

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HAS

Hasbro

$114.91

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ACIW

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TJX

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BNED

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Tessco

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TJX

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OSS

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TJX

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MDT

Medtronic

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