Reported 2 days ago
BMO Capital has raised its price target for PG&E Corporation (PCG) from $23 to $25, maintaining a Buy rating due to the stock's discounted valuation despite strong earnings growth. Analyst James Thalacker expressed optimism about potential catalysts that could further enhance the company's value, such as achieving an investment-grade rating and increasing dividend yields. This comes as Jefferies recently adjusted their target to $20, also endorsing PG&E due to its favorable risk/reward profile.
Source: YAHOO