UPDATE: Jefferies Raises PT on PG&E Corporation Following In-Line Quarterly Earnings
In a report published Friday, Jefferies analyst Paul B. Fremont reiterated a Buy rating on PG&E Corporation (NYSE: PCG), and slightly raised the price target from $52.00 to $53.00.
In the report, Fremont noted, “PCG reported in-line quarterly earnings which excluded $62 million of non-recoverable expenses related to natural gas matters. Since the San Bruno incident non-recoverable expenses have reached $1.4 billion which does not include any fines. The litigated track for remedies continues with Staff and intervenor recommendations expected on May 6 and PCG's response on May 24.”
PG&E Corporation closed on Thursday at $47.23.
Latest Ratings for PCG
|Oct 2014||CRT Capital||Downgrades||Buy||Fairly Valued|
|Sep 2014||Credit Suisse||Maintains||Outperform|
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.