PG&E price target raised to $21 from $19 at Citi

Citi analyst Ryan Levine raised the firm’s price target on PG&E to $21 from $19 and keeps a Buy rating on the shares following the analyst day. While guidance is unchanged, PG&E signaled upside potential with new datacenter load, electric vehicle adoption, and continued operations and maintenance management, the analyst tells investors in a research note. The firm expects wildfires, SB 410 and Edison International’s liability recovery outlook to drive the stock this summer.