BMO Capital analyst James Thalacker has adjusted the price target for Public Service Enterprise Group (PEG, Financial), bringing it down to $83 from the previous $86. This revision comes as the company approaches its first-quarter earnings release.
Despite this change, the analyst maintains a Market Perform rating on the shares of PSEG (PEG, Financial). According to Thalacker, the company's earnings per share (EPS) are anticipated to slightly exceed consensus expectations. However, he notes that the stock's relative performance may be significantly influenced by the company's updated outlook for long-term contracts, particularly those related to its nuclear assets.
Investors are advised to focus on any forthcoming updates regarding these developments, as they could play a crucial role in driving the stock's future trajectory.
