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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.
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