Citi Maintains Its $31 PT On PEG

In a report released this morning, Citi announced that it is keeping its $31 PT on shares of Public Service Enterprise Group PEG.

“With shares trading at $31.60/share, we see little positive expected total return to our $31/share target price,” Citi writes. “Lower coal costs coupled with stabilize /upward moving gas prices could cause us to revisit our cautious view on PEG. Till then, we remain on the sidelines and look for a better entry point.”

Public Service Enterprise Group is currently trading at $31.64