PSEG price target lowered to $83 from $86 at BMO Capital

BMO Capital analyst James Thalacker lowered the firm’s price target on PSEG (PEG) to $83 from $86 and keeps a Market Perform rating on the shares ahead of its Q1 results. The firm sees EPS just above consensus but also expects the stock’s relative performance to likely be driven by the updated outlook for long-term contracts at the company’s nuclear assets and any updates on those developments, the analyst tells investors in a research note.