Jefferies analyst Julien Dumoulin-Smith raised the firm’s price target on PG&E to $22 from $20 and keeps a Buy rating on the shares. With wildfire reform and enhancements expected late FY25, the firm’s outlook for PG&E “remains largely unchanged from February,” the analyst tells investors in a preview. Regulatory filings in FY25 stand to strengthen the company’s 9% EPS growth guidance through FY28, the analyst added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PCG:
- PG&E price target raised to $18.50 from $17.50 at Morgan Stanley
- Unusually active option classes on open April 22nd
- PCG Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- PG&E price target lowered to $22 from $23 at Barclays
- Sunrun, PG&E partner for home storage, solar to alleviate grid constraints