Jefferies has adjusted its price target on PG&E Corporation (PCG, Financial), increasing it from $20 to $22. Analyst Julien Dumoulin-Smith has maintained a Buy rating on the company's shares, signaling optimism about the utility's future prospects.
The affirmation comes as PG&E anticipates the implementation of wildfire reforms and system enhancements by the close of fiscal year 2025. Despite these revisions, the firm holds steady in its perspective from earlier this year.
Additionally, regulatory filings expected in FY25 are projected to bolster PG&E's earnings per share (EPS) growth guidance of 9% through 2028, further reinforcing investor confidence in the company's long-term growth potential.
