BofA Downgrades PG&E (PCG) to Neutral on Inadequate California Wildfire Legislation
PCG PG&E Corp
$13.13 +3.63%
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- 1Bank of America downgraded PG&E (PCG) from Buy to Neutral on Tuesday
- 2Lowered price target to $13 from $24, citing Senate Bill 492 as leaving key utility risks unresolved
- 3The $73B capital plan and assumption of over 9% annual EPS growth are undermined, with investments cut by $7.3B and EPS growth now assumed at about 7%
Source Investing.com +1 · View original ↗
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