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Fly News Breaks for July 15, 2016
PCG
Jul 15, 2016 | 07:34 EDT
As noted earlier, RBC Capital upgraded PG&E to Outperform from Sector Perform. The firm expects the stock's multiple to rise as investors become more comfortable with the company following the measures it took in the wake of the San Bruno tragedy. RBC says that the company still trades at a 6% discount to its peer average. The firm expects the company to continue to grow its dividend at an above-average rate. Target to $71 from $60.
News For PCG From the Last 2 Days
PCG
Apr 22, 2024 | 07:12 EDT
Barclays raised the firm's price target on PG&E to $20 from $19 and keeps an Overweight rating on the shares as part of a Q1 preview for the utilities group. The analyst expects weaker quarter results for the sector due to "underwhelming" weather to start the year. However, the firm does not see many companies trending lower in the fiscal 2024 earnings range.
