B of A Securities Reinstates Buy on PG&E, Announces $24 Price Target
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Ross Fowler has reinstated a Buy rating on PG&E (NYSE:PCG) and set a price target of $24.
September 12, 2024 | 5:27 pm
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POSITIVE IMPACT
B of A Securities has reinstated a Buy rating on PG&E with a price target of $24, indicating a positive outlook for the stock.
The reinstatement of a Buy rating by a major financial institution like B of A Securities, along with a specific price target, suggests confidence in PG&E's future performance. This is likely to positively influence investor sentiment and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100