PG&E Corporation (NYSE:PCG) is one of the best inexpensive stocks to buy now. On January 21, Morgan Stanley raised the price target on PG&E to $21 from $20 while keeping an Equal Weight. Morgan Stanley is refreshing its outlook on North American Regulated & Diversified Utilities and Independent Power Producers. The firm noted that the utility sector trailed the S&P 500’s performance in December 2025, leading to updated coverage across the group.
Earlier on December 16, Morgan Stanley lowered its price target on PG&E to $20 from $21 while maintaining an Equal Weight. The firm informed investors that utility performance in 2026 will be largely influenced by data center demand and potential growth upside.
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Additionally, on December 12, JPMorgan reduced its price target for PG&E Corporation to $21 from $22 with an Overweight rating. This adjustment occurred as the firm updated its financial models across the North American utilities group.
PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, sells and delivers electricity and natural gas to customers in northern and central California in the US.
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This article is originally published at Insider Monkey.
