Why Public Service Enterprise Is A 'Buy': Analyst Highlights Revenue Decoupling And Strong Rate Base Growth
Portfolio Pulse from Shivani Kumaresan
Mizuho analyst Anthony Crowdell has reiterated a Buy rating on Public Service Enterprise Group Inc (NYSE:PEG) and raised the price target from $60 to $65. The analyst highlighted the company's strong rate base growth, revenue decoupling, and robust capital program. The company's nuclear business and Basic Gas Supply Service (BGSS) business were also seen as added bonuses. PEG shares are currently trading higher by 0.75% at $61.64.
August 29, 2023 | 7:06 pm
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Public Service Enterprise Group Inc's stock has been rated as a 'Buy' by Mizuho analyst Anthony Crowdell, with a raised price target of $65. The company's strong growth and revenue decoupling were highlighted as positive factors.
The analyst's positive rating and raised price target indicate a bullish outlook for PEG. The company's strong growth and revenue decoupling, along with its robust capital program, are likely to attract investors and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100