Evercore ISI lowered the firm’s price target on PG&E to $16 from $17 and keeps an In Line rating on the shares after rolling out 2026 EPS forecasts and updating target prices among the firm’s Utilities coverage. Given the 2023 underperformance and taking into account absolute valuation and relative valuation, the firm is more constructive on the group and likes the risk/reward into 2024 and long term, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on PCG:
