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Goldman Sachs Sticks to Their Buy Rating for PG&E (PCG)

Tipranks - Tipranks - Fri Apr 10, 6:28AM CDT

In a report released yesterday, from Goldman Sachs maintained a Buy rating on PG&E, with a price target of $23.00. The company’s shares closed yesterday at $18.39.

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The word on The Street in general, suggests a Strong Buy analyst consensus rating for PG&E with a $22.36 average price target, implying a 21.59% upside from current levels. In a report released yesterday, UBS also maintained a Buy rating on the stock with a $23.00 price target.

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Based on PG&E’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $6.8 billion and a net profit of $670 million. In comparison, last year the company earned a revenue of $6.63 billion and had a net profit of $674 million

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