Morgan Stanley Maintains Equal-Weight on PG&E, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Byrd maintains an Equal-Weight rating on PG&E (NYSE:PCG) and lowers the price target from $16 to $15.
May 22, 2023 | 12:23 pm
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NEUTRAL IMPACT
Morgan Stanley maintains an Equal-Weight rating on PG&E and lowers the price target from $16 to $15.
Morgan Stanley's decision to maintain an Equal-Weight rating on PG&E indicates a neutral outlook for the stock. However, the lowered price target from $16 to $15 suggests a slightly less optimistic view on the stock's potential upside. This news may not have a significant impact on the stock price in the short term, but it could influence investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100