Barclays Maintains Overweight on PG&E, Raises Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Eric Beaumont has maintained an Overweight rating on PG&E (NYSE:PCG) and increased the price target from $18 to $20, indicating a positive outlook on the stock.
December 05, 2023 | 11:47 am
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Barclays has reaffirmed its Overweight rating on PG&E and raised the price target to $20, suggesting confidence in the company's future performance.
The increase in price target by a reputable analyst like Eric Beaumont typically signals a bullish outlook on the stock, which can lead to increased investor confidence and potentially drive the stock price up in the short term.
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IMPORTANCE 80
RELEVANCE 100