Ladenburg analyst Paul Fremont initiated coverage of PSEG with a Neutral rating and $60.50 price target. PSEG has successfully executed a strategy to downsize its unregulated businesses including the sale of its fossil generation and offshore wind investments, the analyst tells investors in a research note. The firm believes PSEG’s attributes are reflected in the its current valuation.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on PEG:
- PSEG price target lowered to $60 from $64 at BMO Capital
- PSEG price target lowered to $60 from $66 at Mizuho
- PSEG 2023 Investor Conference Highlights Improved Business Mix and Platform for Predictable Growth
- PSEG files $2.54B extension of its Gas System Modernization Program
- PSEG ANNOUNCES 2022 RESULTS
