PG&E price target raised to $21 from $19 at UBS

UBS raised the firm’s price target on PG&E to $21 from $19 and keeps a Buy rating on the shares. The recent rate case decision was in line with expectations, and PC&G reaffirmed its EPS growth rate guidance of at least 9% through 2026 and reinstated its dividend, the analyst tells investors in a research note.