PG&E price target lowered to $24 from $25 at Barclays

Barclays analyst Nicholas Campanella lowered the firm’s price target on PG&E to $24 from $25 and keeps an Overweight rating on the shares. The firm is updating its model after the company’s equity raise but notes that shares look too cheap relative to the de-risked outlook in 2025, the analyst tells investors in a research note.