Morgan Stanley upgraded PG&E to Equal Weight from Underweight with a price target of $20, up from $19. The company’s replenished fund and current 50% valuation discount to the sector offer a more favorable risk/reward profile at current share levels,the analyst tells investors in a research note.
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 PCG:
- Tesla CEO buys shares, China says Nvidia broke antitrust law: Morning Buzz
- PG&E Reaffirms 2025 Financial Guidance Amid Challenges
- PG&E backs FY25 adjusted EPS view $1.48-$1.52, consensus $1.50
- Positive Outlook for PG&E: Legislative Amendments and Undervaluation Drive Buy Rating
- CA legislative session positive for PG&E, Edison International, says Jefferies