PG&E Corp. (PCG) Misses Q4 EPS by 5c

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PG&E Corporation (PCG) PT Lowered to $45 at Wells Fargo on 'Wildfire Risk Plus Materially Lower Peer Group Multiples'

February 12, 2018 8:26 AM EST

Wells Fargo lowered its price target on PG&E Corporation (NYSE: PCG) to $45.00 (from $60.00) while maintaining a Market Perform rating, following an update to the company's current valuation.

Analyst Neil Kalton notes a cautious outlook on the shares, with PCG's valuation down "roughly half... More