Barclays Initiates Coverage On Public Service Enterprise with Overweight Rating, Announces Price Target of $64
Portfolio Pulse from richadhand@benzinga.com
Barclays analyst Eric Beaumont has initiated coverage on Public Service Enterprise (NYSE:PEG) with an Overweight rating and a price target of $64.
August 23, 2023 | 9:31 am
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POSITIVE IMPACT
Barclays has initiated coverage on Public Service Enterprise with an Overweight rating and a price target of $64, which could positively impact the stock.
Analyst ratings and price targets can significantly influence a stock's performance. An Overweight rating suggests that the analyst believes the stock will outperform its industry in the near term. The price target of $64 indicates the analyst's confidence in the stock's potential upside. This news is likely to be taken positively by the market, potentially driving PEG's stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100