PG&E price target raised by $2 at Barclays, here’s why

Barclays raised the firm’s price target on PG&E to $20 from $18 and keeps an Overweight rating on the shares. The analyst cites the company’s business update call and accretive financing for the target raise. The shares on track to close their sector high discount into fiscal 2024 with 9%-10% earnings growth intact, the analyst tells investors in a research note.