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Jefferies Raises Price Target on PG&E Corp. (PCG) Following Strong 1Q Report

May 5, 2016 9:03 AM EDT

Jefferies reiterated a Buy rating on PG&E Corporation (NYSE: PCG), and raised the price target to $66.50 (from $64.50), following the company's 1Q earnings report. PCG reported an EPS of $0.87, beating the consensus estimate of $0.75.

Analyst Anthony Crowdell commented, "PCG announced 1Q16 EPS of $0.87 vs... More