Wells Fargo upgraded PG&E Corporation (NYSE: PCG) from Market Perform to Outperform with a price target of $54-$57 (from $48-$49). Analyst Neil Kalton thinks the stock's discount is excessive.

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 $47.52 yesterday.