UBS Downgrades PG&E Corporation (PCG) to Neutral

UBS analyst Gregg Orrill downgraded PG&E Corporation (NYSE: PCG) from Buy to Neutral with a price target of $17.00.

The analyst comments "We are moving to Neutral from Buy. PCG stock has risen 34% over the last 12 months and 7% over the last 1 month versus +0% and -2% for the XLU. We now see the investment positives and negatives as more balanced. The investment positives are: 1) Industry leading 10% EPS growth over the next 4 years; 2) An improved response to wildfire conditions with mitigation tools; and 3) A strong management team led by CEO Patti Poppe."

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 $16.26 yesterday.

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