PSEG price target lowered to $90 from $92 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on PSEG (PEG) to $90 from $92 and keeps an Overweight rating on the shares. The firm is updating its price targets for Regulated & Diversified Utilities / IPPs stocks in North America under its coverage for January, the analyst tells investors. Morgan Stanley notes utilities underperformed the S&P’s return this month. Previewing Q4 earnings, the firm expects some balance in the discussion of data center pipelines given increased affordability and political concerns.