Citi Reiterates Hold and PT of $46 on PG&E Corporation

Citi reiterated its Hold rating and PT of $46 on PG&E Corporation PCG. In a research report published today, Citi revised downwards its earnings per share estimates for the next three years. Citi's new EPS estimates are $3.51 for 2011 (from $3.70), $3.68 for 2012 (from $3.82) and $3.93 for 2013 (from $3.70). On Wednesday, PG&E closed the day at $41.92.