Scotiabank Maintains Sector Perform on Public Service Enterprise, Lowers Price Target to $62
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Andrew Weisel maintains a Sector Perform rating on Public Service Enterprise (NYSE:PEG) and lowers the price target from $64 to $62.

April 22, 2024 | 6:29 pm
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Scotiabank maintains a Sector Perform rating on Public Service Enterprise and lowers the price target from $64 to $62.
The reduction in price target by Scotiabank, a significant financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in the stock price of Public Service Enterprise. The maintenance of a Sector Perform rating indicates a neutral long-term outlook, but the lowered price target suggests a slight bearish adjustment in the short-term valuation perspective.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100