UBS Downgrades Public Service Enterprise to Neutral, Lowers Price Target to $66
Portfolio Pulse from richadhand@benzinga.com
UBS analyst Ross Fowler has downgraded Public Service Enterprise (NYSE:PEG) from Buy to Neutral and lowered the price target from $70 to $66.

August 14, 2023 | 9:54 am
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Public Service Enterprise has been downgraded from Buy to Neutral by UBS, with a lowered price target of $66.
The downgrade from Buy to Neutral by UBS indicates a less optimistic outlook for the company's stock. The lowering of the price target from $70 to $66 also suggests that the analyst believes the stock may not perform as well as previously expected. This could potentially lead to a decrease in the stock's price in the short term.
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IMPORTANCE 80
RELEVANCE 100