JPMorgan Raises Price Target on PG&E Corporation to $24

JPMorgan raised its price target for PG&E Corporation (PCG) to $24 from $21, maintaining an Overweight rating. The firm cited improvements in California wildfire policy and affordability as driving factors. UBS previously upgraded PCG to Buy from Neutral and raised its price target to $23 from $20. PG&E reported Q3 core EPS of 36c, in line with the consensus estimate.