PG&E price target raised to $18 from $16 at Morgan Stanley

Morgan Stanley raised the firm’s price target on PG&E to $18 from $16 and keeps an Equal Weight rating on the shares. The firm is updating some of its price targets on Regulated & Diversified Utilities, noting utilities have outperformed the S&P’s -3.89% return by approximately 642 bps, the analyst tells investors.