UBS Upgrades PG&E to Buy, Raises Price Target to $21
Portfolio Pulse from richadhand@benzinga.com
UBS analyst Gregg Orrill has upgraded PG&E (NYSE:PCG) from Neutral to Buy and raised the price target from $19 to $21.
August 07, 2023 | 10:29 am
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POSITIVE IMPACT
UBS has upgraded PG&E from Neutral to Buy and raised the price target from $19 to $21. This could potentially lead to an increase in the stock's price.
The upgrade from Neutral to Buy indicates that UBS sees potential for PG&E's stock price to increase. The raised price target from $19 to $21 also suggests that UBS believes the stock is undervalued at its current price. This news could potentially lead to increased investor interest in PG&E, driving up the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100