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Fly News Breaks for July 20, 2018
PEG
Jul 20, 2018 | 07:11 EDT
As previously reported, Goldman Sachs analyst Michael Lapides downgraded PSEG to Neutral from Buy as he sees the stock's upside being limited following its recent outperformance. After rolling forward his estimates to 2020 and setting a new baseline P/E multiple, he lowered his price target on PSEG shares to $53 from $55.
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