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Fly News Breaks for February 19, 2020
Feb 19, 2020 | 16:32 EDT
BMO Capital analyst James Thalacker initiated coverage of PSEG with a Market Perform rating and $63 price target. Despite the company's "substantial discount" to other large-cap regulated utilities, the analyst is cautious on the shares due to PSEG's greater relative exposure to downside risk from both a decline in allowed electric transmission ROEs and uncertainty owing to PJM capacity market "turbulence."
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