PG&E price target raised to $20 from $19 at Barclays

Barclays raised the firm’s price target on PG&E to $20 from $19 and keeps an Overweight rating on the shares as part of a Q1 preview for the utilities group. The analyst expects weaker quarter results for the sector due to “underwhelming” weather to start the year. However, the firm does not see many companies trending lower in the fiscal 2024 earnings range.