Morgan Stanley Raises its Price Target on Public Service Enterprise Group Inc. (PEG) to $92 and Kept an Overweight Rating

Group 1: Analyst Upgrades and Price Targets - Morgan Stanley raised its price target on Public Service Enterprise Group Inc. (PEG) to $92 from $89 and maintained an Overweight rating, noting that utilities lagged the S&P 500's return in December [1][8] - Wells Fargo upgraded PEG to Overweight from Equal Weight and increased the price target to $92 from $88, acknowledging potential negative headlines in 2026 but highlighting converging fundamentals and valuation [2] - Ladenburg Thalmann upgraded its rating on PEG from Neutral to Buy and raised its price target to $87.50, contributing to a series of positive analyst actions around the stock [3] Group 2: Company Operations and Agreements - PEG is a utility holding company involved in electricity and natural gas transmission, distribution, and generation, primarily serving customers in New Jersey and Long Island, with exposure to merchant nuclear assets [5] - On December 30, 2025, PEG announced the final approval for the extension of its operations services agreement with the Long Island Power Authority, effective from January 1, 2026, to December 31, 2030 [4]