Fly News Breaks for August 13, 2019
Aug 13, 2019 | 06:33 EDT
Barclays analyst Eric Beaumont started PSEG with an Overweight rating and $63 price target. PSEG is a premium utility with above-average rate base growth and a high level of "contemporaneous" return on capital investments, Beaumont tells investors in a research note. The analyst estimates more than $56 of share value in just PSE&G, its largest subsidiary. PSEG is "simply undervalued," says Beaumont.
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