Jefferies Downgrades Public Service Enterprise Group Inc. (PEG) to Hold

Article Stock Quotes (1) Comments (0)

Jefferies downgraded Public Service Enterprise Group Inc. (NYSE: PEG) from Buy to Hold with a price target of $32.00 (from $35.00).

The firm cited valuation primarily due to the loss of the basis differential between New Jersey and PJM West.

FY12 EPS goes from $2.45 to $2.35 and FY13 from $2.55 to $2.35.

For an analyst ratings summary and ratings history on Public Service Enterprise Group Inc. click here. For more ratings news on Public Service Enterprise Group Inc. click here.

Shares of Public Service Enterprise Group Inc. closed at $31.61 yesterday, with a 52 week range of $27.97-$35.48.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• UPDATE: BofA/Merrill Lynch Downgrades Cliffs Natural Resources (CLF) to Underperform
• William Blair Downgrades Brown & Brown (BRO) to Market Perform
• BofA/Merrill Lynch Downgrades Century Aluminum (CENX) to Underperform

Create E-mail Alert Related Categories

Downgrades

Related Entities

Jefferies & Co

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?