02:05 AM EDT, 04/27/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We keep our 12-month target at $14, based on 8.7x our 2026 EPS estimate, significantly below peers at a 19.7x average to reflect PCG's low dividend yield (1.2%), regulatory uncertainty regarding wildfire liability, and lingering caution after it emerged from bankruptcy in 2020. We lift our 2026 EPS view by $0.03 to $1.64 and lift 2027 EPS by $0.07 to $1.80. PCG's $73B capex plan faces increased uncertainty as management has stated the potential for reevaluation if SB 254 Phase Two legislation does not provide the ability to model wildfire tail risk. On a positive note, wildfire mitigation efforts continue to show meaningful progress, with PCG completing 31 miles of powerline undergrounding and installing 44 miles of strengthened poles and covered lines in high fire-risk areas during the quarter. We think wildfire risk mitigation efforts, both physically and financially, support above-average EPS growth opportunities in the coming years. We expect 5.5% revenue growth in 2026, followed by 3.1% growth in 2027.