Public Service Enterprise (PEG) PT Trimmed to $43 at Jefferies

Jefferies analyst Anthony Crowdell trimmed his price target on Public Service Enterprise Group Inc. (NYSE: PEG) to $43.00 (from $44.50) while maintaining a Hold rating.

Crowdell commented, "PEG reported in-line 3Q EPS with $0.80 versus $0.77 a year ago, our estimate of $0.75, and Consensus of $0.81. Quarterly gross margins were driven by increases in transmission earnings and increased electric demand due to warmer than normal weather."

For an analyst ratings summary and ratings history on Public Service Enterprise Group Inc. click here. For more ratings news on Public Service Enterprise Group Inc. click here.

Shares of Public Service Enterprise Group Inc. closed at $41.29 yesterday.

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