Deutsche Bank increases its price target from $44 to $46 on Buy-rated PG&E Corporation PCG as the company post strong Q1 and reaffirms its outlook.
Deutsche Bank comments, "PCG reported strong Q1 earnings and affirmed that its near-term and longer-term outlook remained on track. PCG continues to make progress in the pipeline-related proceedings in California, and we believe most parties would prefer to settle. A settlement in these cases would be a positive catalyst for PCG, providing certainty on the ultimate costs stemming from the 2010 San Bruno accident and allowing the company to provide a growth/financial outlook for more than just 2012. Reiterate Buy on positive forward momentum and upcoming potential catalysts."
PCG closed at $44.11 on Wednesday.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in