Guggenheim Downgrades Public Service Enterprise to Neutral, Announces $61 Price Target
Portfolio Pulse from Benzinga Newsdesk
Guggenheim analyst Shahriar Pourreza downgraded Public Service Enterprise (NYSE:PEG) from Buy to Neutral and set a price target of $61. The downgrade reflects a more cautious stance on the company's stock.
January 22, 2024 | 3:57 pm
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Public Service Enterprise was downgraded by Guggenheim from Buy to Neutral with a price target of $61, indicating a neutral outlook on the stock's short-term performance.
Downgrades typically suggest that the analyst sees limited upside potential or increased risk in the stock's future performance. The neutral rating implies that Guggenheim does not expect significant movement in either direction for PEG's stock price in the short term. The price target of $61 provides a reference point for investors but does not suggest a strong conviction for price movement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100