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Fly News Breaks for September 21, 2017
PEG
Sep 21, 2017 | 07:17 EDT
As previously reported, Morgan Stanley analyst Devin McDermott upgraded PSEG to Overweight from Equal Weight, saying he sees its risk-reward profile as "skewed heavily to the upside" given the stock's underperformance year-to-date versus peers and the several constructive regulatory initiatives that are pending. The current stock price reflects very limited value for PSEG's merchant power business, added McDermott, who keeps a $53 price target on the shares.
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