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Fly News Breaks for October 5, 2018
PEG
Oct 5, 2018 | 08:29 EDT
Morgan Stanley analyst Stephen Byrd said PSEG's rate settlement in New Jersey includes a higher than anticipated equity ratio, but this is balanced by a lower ROE. In total, the settlement is constructive and eliminates an overhang on the stock, said Byrd, who maintains an Overweight rating and $58 price target on PSEG shares.
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