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Fly News Breaks for December 21, 2017
PCG
Dec 21, 2017 | 07:37 EDT
As previously reported, RBC Capital analyst Shelby Tucker downgraded PG&E to Sector Perform from Outperform, stating that the company's "unexpected" decision to suspend its dividend suggests greater risk than he had assumed regarding the regulatory treatment of the California wildfires in October. Tucker now expects the stock to be range-bound until the release of the Cal Fire report in the second half of next year, he noted. The analyst lowered his price target on PG&E shares to $50 from $66.
News For PCG From the Last 2 Days
PCG
Apr 22, 2024 | 07:12 EDT
Barclays raised the firm's price target on PG&E to $20 from $19 and keeps an Overweight rating on the shares as part of a Q1 preview for the utilities group. The analyst expects weaker quarter results for the sector due to "underwhelming" weather to start the year. However, the firm does not see many companies trending lower in the fiscal 2024 earnings range.
