Wells Fargo Raises its Price Target on Public Service Enterprise (PEG) to $96

Wells Fargo Raises its Price Target on Public Service Enterprise (PEG) to $96 Jeff Lewis Sat, April 25, 2026 at 11:57 AM EDT 2 min read PEG TFC Public Service Enterprise Group Incorporated (NYSE:PEG) is one of the 10 Best Slow Growth Stocks to Buy According to Analysts . On April 21, 2026, Wells Fargo raised the price target on Public Service Enterprise Group Incorporated (NYSE:PEG) to $96 from $94 and maintained an Overweight rating. The firm updated its Q1 2026 estimates following discussions with companies, reflecting known and measurable drivers across its regulated utility coverage, and increased its base value multiple to 17.5 times from 17 times. Meanwhile, Truist initiated coverage of Public Service Enterprise Group Incorporated (NYSE:PEG) with a Hold rating and a $91 price target as part of a broader launch across the power and utilities group. The firm said vertically integrated electric utilities are “clear winners” in supporting data center-driven load growth and highlighted several names it favors in the sector. Wells Fargo Raises its Price Target on Public Service Enterprise (PEG) to $96 Photo by Matthew Henry on Unsplash Last month, Morgan Stanley analyst David Arcaro raised the price target on Public Service Enterprise Group Incorporated (NYSE:PEG) to $94 from $90 and maintained an Overweight rating. David Arcaro said utilities outperformed the S&P in February and noted recent discussions pointed to growth opportunities, including increased load growth and…