UBS lowered the firm’s price target on PG&E to $22 from $24 and keeps a Buy rating on the shares. The price target decrease reflects an increased wildfire discount due to concerns of the durability of the California wildfire fund and framework recently brought into question due to fires outside of the company’s territory, the analyst tells investors in a research note.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio