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Fly News Breaks for February 12, 2018
PCG
Feb 12, 2018 | 07:15 EDT
Wells Fargo analyst Neil Kalton lowered his price target for PG&E to $45 from $60 saying the shares have shed roughly half of their value and now arguably embed $12B-13B of shareholder liability for prior or future wildfire risk. The analyst thinks the share price reflects excessive risk and believes California's inverse condemnation principle is an untenable law longer-term, with no easy or near-term solution. Kalton reiterates a Market Perform rating on the shares.
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.
