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Fly News Breaks for June 11, 2018
PCG
Jun 11, 2018 | 07:16 EDT
The California fires being referred to the district attorney is a negative for PG&E as it opens up potential criminal proceedings, Citi analyst Praful Mehta tells investors in a research note. The analyst is also surprised that Cal Fire is issuing press releases without listing any specific violations and without sharing the full reports. He believes the downside risk to PG&E shares is increasing and keeps a Neutral rating on the name.
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