PSEG price target raised to $91 from $90 at BMO Capital

BMO Capital raised the firm’s price target on PSEG (PEG) to $91 from $90 and keeps a Market Perform rating on the shares. The firm is anticipating limited updates on the call following the more comprehensive Q4 financial refresh, with investor focus on the potential for generation/storage development as well as potential long-term nuclear asset contracts in light of Governor Sherrill’s recent actions and PJM’s recent Reliability Backstop Procurement – RBP – proposal, the analyst tells investors in a research note.