Barclays Maintains Overweight on PG&E, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Eric Beaumont has maintained an Overweight rating on PG&E (NYSE:PCG) but has reduced the price target from $20 to $19.
January 22, 2024 | 3:22 pm
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Barclays has maintained an Overweight rating on PG&E but lowered the price target from $20 to $19, indicating a slightly reduced but still positive outlook.
The reduction in price target by Barclays reflects a modestly decreased optimism for PG&E's stock price in the short term. However, maintaining an Overweight rating suggests that Barclays still sees the company outperforming the broader market or sector. The impact on the stock price may be neutral to slightly negative in the short term as the market digests the lower price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100