Analyst Loweres Public Service Enterprise Group (PEG) Price Target by $5

Public Service Enterprise Group Incorporated (NYSE:PEG) is included among the 15 Best Nuclear Power Stocks to Buy According to Wall Street Analysts.

Analyst Loweres Public Service Enterprise Group (PEG) Price Target by $5

Public Service Enterprise Group Incorporated (NYSE:PEG) is a predominantly regulated energy company that engages in the provision of electric and gas services.

On May 21, Morgan Stanley lowered its price target on Public Service Enterprise Group Incorporated (NYSE:PEG) from $94 to $89, but maintained an ‘Overweight’ rating on the shares. The revised target, which still represents an upside of over 11% from the current levels, comes after the analyst firm adjusted its estimates for the North American Regulated & Diversified Utilities / IPPs group in April.

Morgan Stanley highlighted that the utilities sector surged by only 2% during the month, underperforming the 10.4% gains delivered by the overall S&P during the period.

The target comes despite Public Service Enterprise Group Incorporated (NYSE:PEG) exceeding estimates in its Q1 report earlier this month, helped by the extreme winter weather that ‌lifted demand across its electric and gas businesses. The utility reaffirmed its full-year 2026 operating earnings guidance of $4.28 to $4.40 per share, indicating a 7% YoY growth at the midpoint (read more details here).

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