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2020-04-02 10:43:53 PCG PG&E $8.38 / -0.06 (-0.71%) 10:43 04/02/20 04/02 10:43 04/02/20 10:43	Citi sees stock rally for PG&E, boosts price target to $17 Citi analyst Ryan Levine raised the firm's price target on PG&E to $17 from $15 and keeps a Buy rating on the shares after taking over coverage from Praful Mehta. As the company heads towards its exit from bankruptcy with few remaining obstacles, the stock will rally either due to "strong" adjusted utility index performance per the backstop agreement, or a successful $9B equity offering, Levine tells investors in a research note.

2020-04-02 10:43:53

PCG

PG&E

$8.38 / -0.06 (-0.71%)

10:43

04/02/20

04/02

10:43

04/02/20

10:43

Citi sees stock rally for PG&E, boosts price target to $17

Citi analyst Ryan Levine raised the firm's price target on PG&E to $17 from $15 and keeps a Buy rating on the shares after taking over coverage from Praful Mehta. As the company heads towards its exit from bankruptcy with few remaining obstacles, the stock will rally either due to "strong" adjusted utility index performance per the backstop agreement, or a successful $9B equity offering, Levine tells investors in a research note.

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