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Fly News Breaks for July 13, 2016
PEG
Jul 13, 2016 | 07:53 EDT
As previously reported, Morgan Stanley upgraded PSEG to Equal Weight from Underweight. Analyst Stephen Byrd expects stronger post-2017 earnings power based on the company's significant pipeline of regulated investment opportunities and the upcoming rate case to be filed in 2017. The analyst raised his price target to $47 from $43 and now sees modest upside to shares.
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