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Goldman Sachs Downgrades Exelon (EXC) to Sell

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Goldman Sachs Downgrades Public Service Enterprise Group Inc. (PEG) to Sell

October 28, 2013 6:57 AM EDT

Goldman Sachs downgraded Public Service Enterprise Group Inc. (NYSE: PEG) from Neutral to Sell with a price target of $32.00 (from $33.00) on valuation and low capital allocation potential.

"We see (1) risk to consensus for 2014 and 2016, where we are 3% and 6% below, (2) limited capital allocation... More