Morgan Stanley Maintains Equal-Weight on PG&E, Raises Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Byrd maintains an Equal-Weight rating on PG&E (NYSE:PCG) and raises the price target from $18 to $19.
August 23, 2024 | 4:50 pm
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Morgan Stanley has maintained its Equal-Weight rating on PG&E and increased the price target from $18 to $19, indicating a slightly more positive outlook.
The increase in price target from $18 to $19 by Morgan Stanley suggests a slightly more optimistic view on PG&E's stock performance. The maintained Equal-Weight rating indicates that the stock is expected to perform in line with the market. This could lead to a modest positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100