BMO Capital analyst James Thalacker raised the firm’s price target on PSEG to $66 from $60 but keeps a Market Perform rating on the shares. Consensus estimates likely still do not reflect updated Q1 outlooks, but based on BMO’s forecast for Q1 results, PSEG may fair better year over year than its utility peers who have faced more significant weather and interest rate headwinds, the analyst tells investors in a research note. BMO adds however that its neutral stance reflects the stock’s relative valuation to the group given its growth rate compared to PSEG’s peers.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on PEG:
- PSEG appoints Charles McFeaters as Chief Nuclear Officer
- PSEG initiated with a Neutral at Ladenburg
- 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