Public Service Enterprise Group Inc. (PEG) PT Lowered to $84 at BofA Securities

BofA Securities analyst Julien Dumoulin-Smith lowered the price target on Public Service Enterprise Group Inc. (NYSE: PEG) to $84.00 (from $95.00) while maintaining a Buy rating.

The analyst comments "We expect Public Service Enterprise Group (PEG) to report Q4’25 EPS of $0.72 in-line with Consensus and below Q4’24 EPS of $0.84. Please see our walk in Exhibit 1 for specifics. This leads to FY’25 estimate of $4.05 which is above Consensus of $4.04 and above prior year EPS of $3.68. We reiterate our Buy rating on Public Service Enterprise Group (PEG). We lower our PEG FY’25 EPS to $4.05 from $4.06 as we update our 4Q number detailed below. We lower our PO to $84 from $95 as we remove the electric premium and lower our gas premium to 10% based on the regulatory overhang presented by the recent EOs."

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