Morgan Stanley Upgrades PG&E Corporation (PCG) to Equal Weight, Raises the PT

PG&E Corporation (NYSE:PCG) is one of the Ridiculously Cheap Stocks to Buy According to Analysts. On September 18, Morgan Stanley analyst David Arcaro upgraded PG&E Corporation (NYSE:PCG) from Underweight to Equal Weight, while raising the price target from $19 to $20.

The analyst cited the company’s replenished fund as a positive development, enhancing its financial stability. Moreover, he also believes that the company currently trades at a 50% discount to its sector, which presents an attractive risk/reward opportunity for investors.

PG&E Corporation (NYSE:PCG) delivered mixed results for FQ2 2025 and lowered its GAAP earnings guidance for 2025. The company delivered $5.90 billion in revenue, down 1.47% year-over-year and below expectations by $340.99 million. The EPS of $0.31 fell slightly short by $0.01. Management updated its GAAP earnings guidance to $1.26-$1.32 per share, slightly lower than prior guidance. The non-GAAP core earnings guidance stays at $1.48–$1.52 per share.

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Disclosure: None. This article is originally published at Insider Monkey.