Morgan Stanley analyst David Arcaro lowered the firm’s price target on PSEG (PEG) to $100 from $101 and keeps an Overweight rating on the shares. The firm is updating its price targets for stocks in the Regulated & Diversified Utilities / IPPs North America sector, noting utilities underperformed the S&P in May, the analyst tells investors.
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- PSEG price target lowered to $101 from $102 at Morgan Stanley