PEG - Why Public Service Enterprise Is A 'Buy': Analyst Highlights Revenue Decoupling And Strong Rate Base Growth | Benzinga
Mizuho analyst Anthony Crowdell reiterated a Buy rating on the shares of Public Service Enterprise Group Inc (NYSE: PEG) and raised the price target from $60 to $65.
The PSE&G utility benefits from revenue decoupling, strong rate base growth of 6.0-7.5%, a robust capital program over the decade, FERC RTO adders +50bps, its historical ability to settle rate cases, incentive opportunities, and the list continues, said the analyst.
Often overlooked is the nuclear business, which the analyst believes supports EPS growth toward the higher end of ...