Mizuho Securities Starts PG&E Corporation (PCG) at Buy

Mizuho Securities initiates coverage on PG&E Corporation (NYSE: PCG) with a Buy rating and a price target of $56.00.

Analyst James von Riesemann commented, "The intense regulatory and media spotlight is largely behind PCG and now the focus turns to finalizing the gas transmission case, resuming dividend growth, and announcing succession plans at the company. At this stage, these catalysts should help lift the shares and make PCG a compelling story, in our view. To be sure, PCG isn't completely out of the woods, but a current levels, we see attractive entry points. Consequently, we initiate with a Buy recommendation and establish a $56 per share, 12 month price target."

For an analyst ratings summary and ratings history on PG&E Corporation click here. For more ratings news on PG&E Corporation click here.

Shares of PG&E Corporation closed at $49.70 yesterday.

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