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These Top Utilities Received Target Price Raises Last Week

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Nov. 20 2020, Updated 11:45 a.m. ET

Analysts’ price targets

Almost all utility stocks currently offer unattractive upside potentials due to their recent rallies. Among the S&P 500 utilities, PG&E Corporation (PCG) has a relatively handsome upside potential of almost 12% over the next 12 months. Wall Street analysts have given it a median price target of $51.7 compared to its current market price of $46.3.

Morgan Stanley raised PCG’s price target from $63.0 to $67.0 on September 11. UBS raised its price target from $47.0 to $49.0 on September 7.

Morgan Stanley raised NextEra Energy’s (NEE) price target from $181.0 to $186.0 on September 11. JPMorgan Chase raised NEE’s price target from $174.0 to $192.0.

JPMorgan Chase raised Southern Company’s (SO) price target from $45.0 to $46.0 last week.

PPL Corporation (PPL) operates mainly in the United Kingdom and has been one of the laggards this year. Morgan Stanley increased PPL’s price target from $29.0 to $30.0 on September 11.

JPMorgan Chase increased Dominion Energy’s (D) price target from $71.0 to $75.0 on September 10.

Morgan Stanley raised FirstEnergy’s price target from $39.0 to $41.0. UBS raised FE’s price target from $41.0 to $43.0 last week.

Read more about how much upside potential top utilities offer in How Analysts Currently Look at Top Utility Stocks.

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