PSEG price target raised to $89 from $84 at BMO Capital

BMO Capital raised the firm’s price target on PSEG (PEG) to $89 from $84 and keeps a Market Perform rating on the shares after its Q4 earnings beat. The company continues to work with stakeholders in NJ to address resource adequacy and affordability in the state, but it remains in early innings, the analyst tells investors in a research note.