Public Service Enterprise Group Inc. (PEG) PT Lowered to $89 at Jefferies

Jefferies analyst Paul Zimbardo lowered the price target on Public Service Enterprise Group Inc. (NYSE: PEG) to $89.00 (from $90.00) while maintaining a Hold rating.

The analyst comments "Maintain Hold despite -18% underperformance without NJ regulatory overhang likely to persist into at least start of 2026. NJ nuclear deal is still possible but outlook remains opaque with 'bring your own generation' & intense affordability focus. Moderate EPS -1% with utility ROE conservatism more than offsetting power mark-to-market. Updates on regulated generation in 2026 skew positive but timing is unclear."

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