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Fly News Breaks for August 20, 2019
PCG
Aug 20, 2019 | 06:25 EDT
UBS analyst Dan Ford lowered his price target on PG&E to $13 and kept his Neutral rating after a "surprise" court ruling in California lifting a stay on individual lawsuits for 2017 Tubbs fire damages. The analyst notes that the news adds to the uncertainty around the timing and the value of the company's potential reorganization and warns that the outcome of court-ordered jury trials could vary from zero to up to $20B, with "damages up to 3-times the base".
News For PCG From the Last 2 Days
PCG
Apr 26, 2024 | 08:06 EDT
PCG
Apr 26, 2024 | 06:27 EDT
Barclays raised the firm's price target on PG&E to $21 from $20 and keeps an Overweight rating on the shares. The shares "look cheap" into the analyst day with the company's financing plan now behind us, the analyst tells investors in a research note.
PCG
Apr 25, 2024 | 06:36 EDT
PCG
Apr 25, 2024 | 06:35 EDT
"Our focus on safety and reducing wildfire risk continues every day as we deliver for our customers and our hometowns here in California. We remain committed to building a clean, climate-resilient energy system to meet our customers' future needs at the lowest price for them," said PG&E Corporation CEO Patti Poppe.
