Argus raised the firm’s price target on PSEG to $85 from $80 and keeps a Buy rating on the shares. The analyst has a positive view of the company’s growing network of transmission assets and pipeline construction projects. The firm expects dividend increases of 4%-5% annually over the next three to four years.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PEG: