Market Overview

UPDATE: Jefferies & Company Reiterates Hold Rating, Lowers PT on Public Service Enterprise Group

Related PEG
A Defensive Play: Morgan Stanley Upgrades The Utilities Sector
Public Service Enterprise Gets Nod For Gas System Upgrade
Utilities Week In Review For The Week Of June 18-22 (Seeking Alpha)

In a report published Friday, Jefferies & Company reiterated its Hold rating on Public Service Enterprise Group (NYSE: PEG), but lowered its price target from $34.00 to $31.50.

Jefferies noted, “PSEG 3Q12 operating EPS was $0.75, above consensus of $0.72. PSEG Power's results continue to decline reflecting weak commodity prices. Partly offsetting this decline is cost reduction. PSEG Power O&M through the first nine months of 2012 is down 3.7% to $780 million.”

Public Service Enterprise Group closed on Thursday at $31.14.

Latest Ratings for PEG

Jun 2018Morgan StanleyMaintainsOverweightOverweight
May 2018JP MorganMaintainsOverweightOverweight
May 2018Morgan StanleyMaintainsOverweightOverweight

View More Analyst Ratings for PEG
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings


Related Articles (PEG)

View Comments and Join the Discussion!