Guggenheim analyst Shahriar Pourreza lowered the firm’s price target on PG&E to $22 from $23 and keeps a Buy rating on the shares. The company’s 2023 year end earnings call was “differentiated from history” as the company beat expectations, raised guidance and capex and wasn’t faced with wildfire and safety scrutiny, says the analyst, who calls the stock “a deep value story” and sees further upside potential as the company transitions to normal operations.
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