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PCG

PG&E

$25.76

-0.25 (-0.96%)

07:17
12/10/18
12/10
07:17
12/10/18
07:17

PG&E price target lowered to $47 from $60 at Wells Fargo

Wells Fargo analyst Neil Kalton lowered his price target for PG&E to $47 from $60 to take into account potential wildfire liabilities. The analyst reiterates an Outperform rating on the shares.

PCG PG&E
$25.76

-0.25 (-0.96%)

11/19/18
MSCO
11/19/18
NO CHANGE
Target $31
MSCO
Equal Weight
PG&E break-up could be constructive to valuation, but risky, says Morgan Stanley
After California Public Utilities Commission President Michael Picker said the Commission would explore potentially breaking up PG&E, Morgan Stanley analyst Stephen Byrd said he believes a break-up could be constructive to the stock's valuation, but he also sees significant risks to such an approach, identifying the key risk as the regulator, and potentially lawmakers, seeking greater asset coverage for wildfire-related damages beyond the value of the electric utility. He also notes the risk that damages from the Camp Fire could increase from current estimates, given potential liabilities for wrongful death and for air quality damages. Byrd maintains an Equal Weight rating and $31 price target on PG&E shares.
11/19/18
LEHM
11/19/18
NO CHANGE
Target $30
LEHM
Equal Weight
PG&E price target lowered to $30 from $53 at Barclays
Barclays analyst Eric Beaumont lowered his price target for PG&E to $30 citing the risks and "unquantifiable" potential future liabilities from wildfires. His assumed book value for 2019 represents PG&E's currently forecasted book value of $21.7B, less $6B in 2017/2018 wildfire liability to arrive at $18.7B. He remains Equal Weight on the shares but "would see any investment at this point as involving significant risk."
11/16/18
11/16/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Qualcomm (QCOM) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst James Faucette saying he thinks consensus estimates now imply a more realistic scenario for QCT margins and that lowered expectations on a resolution with Apple (AAPL) gives room for the stock to react positively should legal proceedings trigger a settlement. 2. Spark Therapeutics (ONCE) upgraded to Neutral from Underperform at Credit Suisse with analyst Martin Auster saying with uniQure's (QURE) update validating AMT-061, its second generation hemophilia B gene therapy construct incorporating the Padua variant, and Freeline's initial data disclosed in ASH abstracts, he sees a more competitive landscape in hemophilia B gene therapy, and lowered his market share assumptions for SPK-9001 to reflect this new dynamic. 3. Armstrong Flooring (AFI) upgraded to Buy from Hold at Gabelli with analsyt Alvaro Lacayo saying the sale of the wood business is a transformative deal and removes two underperforming segments that have been under increased pressure from private label competition. 4. DSW (DSW) upgraded to Neutral from Negative at Susquehanna. 5. PG&E (PCG) and Edison International (EIX) were upgraded to Buy from Neutral at Citi. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/16/18
SBSH
11/16/18
UPGRADE
Target $59
SBSH
Buy
Citi upgrades Edison International to Buy following CPUC statement
Citi analyst Praful Mehta upgraded Edison International (EIX) to Buy from Neutral while lowering his price target for the shares to $59 from $72. In a statement yesterday, the California Public Utilities Commission indicated that it will apply a cap when evaluating wildfire-related expenses, including the 2018 fires, Mehta tells investors in a research note partially titled "CPUC Steps-Up Bigtime." The analyst does not think the CPUC would be "taking this aggressive step to support the utilities" without some support from the legislative side. Mehta also upgraded PG&E (PCG) to Buy from Neutral citing a similar rationale.

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RCEL

Avita Medical

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EIDX

Eidos Therapeutics

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1.33 (2.94%)

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COO

Cooper Companies

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CRM

Salesforce

$163.20

0.18 (0.11%)

20:21
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20:21
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CCMP

Cabot Microelectronics

$155.89

2.68 (1.75%)

20:15
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CCMP

Cabot Microelectronics

$155.89

2.68 (1.75%)

20:15
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Earnings
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CCMP

Cabot Microelectronics

$155.89

2.68 (1.75%)

20:14
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Earnings
Cabot Microelectronics reports Q4 EPS $1.68, consensus $1.63 »

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JEF

Jefferies Financial Group

$19.08

0.16 (0.85%)

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NIO

NIO Inc.

$1.82

0.07 (4.01%)

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GOLD

Barrick Gold

$16.57

-0.095 (-0.57%)

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GOLD

Barrick Gold

$16.57

-0.095 (-0.57%)

15:40
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ESPR

Esperion

$40.51

0.67 (1.68%)

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PCG

PG&E

$7.41

0.71 (10.60%)

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XRX

Xerox

$38.95

0.295 (0.76%)

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HP Inc.

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FOX

Fox Corp.

$33.60

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LGF.A

Lionsgate

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Sony

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Viacom

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Viacom

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T.CA

TELUS Corp. (Toronto)

$0.00

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Comcast

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CMCSK

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$0.00

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JNJ

Johnson & Johnson

$134.97

3.99 (3.05%)

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BA

Boeing

$371.55

4.25 (1.16%)

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AZN

AstraZeneca

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LLY

Eli Lilly

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  • 30

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AZN

AstraZeneca

$47.46

0.09 (0.19%)

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BA

Boeing

$371.55

4.25 (1.16%)

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BBIO

BridgeBio

$28.26

0.55 (1.98%)

, EIDX

Eidos Therapeutics

$46.58

1.33 (2.94%)

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BBIO

BridgeBio

$28.26

0.55 (1.98%)

EIDX

Eidos Therapeutics

$46.58

1.33 (2.94%)

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  • 18

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CLBS

Caladrius

$2.64

-0.06 (-2.22%)

13:01
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KNSA

Kiniksa

$6.52

0.1 (1.56%)

12:59
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