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Fly News Breaks for April 25, 2016
PCG
Apr 25, 2016 | 07:46 EDT
JPMorgan analyst Christopher Turnure believes risks from the criminal trial, a potentially delayed dividend hike and a lack of longer term growth visibility are more than priced into shares of PG&E. The stock is still worth $62 in a worst-case scenario, Turnure tells investors in a research note. He believes "many investors are still avoiding" the name given the risks and keeps an Overweight rating on the shares. Turnure lowered his price target for PG&E to $65 from $66.
News For PCG From the Last 2 Days
PCG
Mar 18, 2024 | 11:26 EDT
On Friday, the California Public Utilities Commission denied the application of Pacific Gas and Electric Company, or PG&E, seeking authorization for PG&E to transfer substantially all of its non-nuclear generation assets to Pacific Generation, or Pac Gen, based on the proposed decision of Administrative Law Judge Sophia J. Park, as well as the issuance of a certificate of public convenience and necessity to Pacific Generation to operate as a utility subject to the California Public Utilities Commission's jurisdiction and other authorizations and determinations. Reference Link