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Stock impact report

PEG Stock Starts With $91 Target As Data Center Demand Rises [Yahoo! Finance]

Public Service Enterprise Group Incorporated (PEG) 
Last public service enterprise group incorporated earnings: 2/26 07:30 am Check Earnings Report
US:NYSE Investor Relations: investor.pseg.com
Company Research Source: Yahoo! Finance
Public Service Enterprise Group Incorporated (NYSE:PEG) initiated new analyst coverage momentum on April 21 when Truist began coverage with a Hold rating and a $91 price target. The firm noted that vertically integrated electric utilities are among the clearest beneficiaries of infrastructure buildouts needed to serve accelerating load growth from data centers, highlighting favorable structural demand trends for the sector. On April 15, Jefferies downgraded Public Service Enterprise Group Incorporated (NYSE:PEG) to Hold from Buy and lowered its price target to $89 from $90. The firm cited reduced confidence in existing nuclear plant data center transaction opportunities and noted that a ratepayer protection pledge could reduce hyperscaler interest in contracting with current generation assets absent new capacity additions. Public Service Enterprise Group Incorporated (NYSE:PEG) is a predominantly regulated energy company based in New Jersey that provides electric and natural gas Show less Read more
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