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Fly News Breaks for May 29, 2019
PEG
May 29, 2019 | 07:19 EDT
Mizuho analyst Paul Fremont raised his price target for PSEG to $64 from $61.50 ahead of the company's analyst day and keeps a Buy rating on the shares. The principal driver for earnings will be the New Jersey Board of Public Utilities' decisions on the company's Energy Strong Program II and Clean Energy Future filings where PSEG has requested up to $6B of additional capital spending, Fremont tells investors in a research note. The analyst assumes that the company will get roughly 50% of what it is asking for.
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