tiprankstipranks
PSEG price target lowered to $88 from $98 at Barclays
The Fly

PSEG price target lowered to $88 from $98 at Barclays

Barclays lowered the firm’s price target on PSEG (PEG) to $88 from $98 and keeps an Overweight rating on the shares post the Q3 report. The firm sees the share underperformance as a buying opportunity. The share reaction seems overdone relative to PSEG’s long term path of nuclear optimization, the analyst tells investors in a research note.

Don't Miss our Black Friday Offers:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App