The Wildfire Reform Remains Unresolved, UBS Downgrades Pacific Gas and Electric (PCG.US) to "Neutral"
智通财经2026/09/24 07:11Show original
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According to Zhitong Finance APP, UBS has downgraded California utility company Pacific Gas and Electric Company (PCG.US) from "Buy" to "Neutral," lowering the target price from $19 to $14. The reasons cited are the increasing risk of the company's inaction on wildfire liability reform this year, as well as the company's decision to withdraw its long-term earnings growth rate guidance while announcing a strategic review.
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