UPDATE: Jefferies Raises PT on PG&E Corporation on Adjusted 2013 Quarters

In a report published Tuesday, Jefferies analyst Paul B. Fremont reiterated a Buy rating on PG&E Corporation

, and raised the price target from $46.00 to $52.00. In the report, Fremont noted, “We are adjusting 2013e quarters including a $0.05 increase in 1Q13 to $0.65 and a $0.05 decrease of 3Q13 to $0.70. The improvement in our 1Q13 estimate reflects the impact of higher rate base earnings partly offset by the impact of a nuclear refueling outage and a reduction in the company's CPUC and FERC ROE.” PG&E Corporation closed on Monday at $46.77.