Public Service Enterprise Group (NYSE:PEG) Price Target Raised to $89.00

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Barclays has raised its price target for Public Service Enterprise Group (NYSE:PEG) from $81.00 to $89.00, maintaining an “equal weight” rating, suggesting a potential upside of 6.71%. This comes after other brokerages have also adjusted their ratings and price targets, with the company currently holding a “Moderate Buy” consensus rating and a target price of $92.73. The utility provider recently reported better-than-expected Q4 earnings and revenue, but also saw an insider transaction where an SVP sold 4,700 shares.

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