Guggenheim analyst Shahriar Pourreza lowered the firm’s price target on PG&E to $18 from $22 and keeps a Buy rating on the shares. PG&E reported Q4 EPS in line with consensus and rebased 2025 EPS guidance from actuals, “delivering on plan in textbook fashion,” the analyst tells investors. However, the earnings call focused on the discount in valuation and investor concerns around the wildfire constructs in California, with management echoing the need to regain investor confidence around wildfires, the analyst noted.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PCG:
- PG&E price target lowered to $15 from $20 at Evercore ISI
- PG&E downgraded to Underweight from Equal Weight at Morgan Stanley
- PG&E Corporation Reports Strong 2024 Financial Performance
- PG&E Earnings Call: Strong Growth Amid Wildfire Concerns
- PG&E raises FY25 core EPS view to $1.48-$1.52 from $1.47-$1.51