UBS cuts PCG price target to $14 and downgrades to neutral as revenue miss fuels sell‑off
Pacific Gas & Electric Co. saw its shares tumble after UBS lowered its price target from $19 to $14 and moved the rating to neutral, citing lingering wildfire‑liability risk. The downgrade came just before the company reported Q3 revenue of $6.19 billion, missing the $6.82 billion consensus, while earnings remained in line. The combined catalyst pushed the stock down 2.78% on Oct 22 and a further 3.43% on Oct 23.
Why it matters
The UBS downgrade and target cut reset market expectations for PCG, likely keeping the stock below the new $14 target until the company can address revenue shortfalls and liability concerns. Investors should anticipate continued price pressure and heightened volatility in the near term.
Key facts
- 1UBS cut its price target for PCG to $14 from $19 and downgraded the stock to neutral. timothysykes.com
- 2PCG stock fell 2.78% on October 22, 2026. timothysykes.com
- 3PCG stock fell 3.43% on October 23, 2026. stockstotrade.com
- 4Q3 revenue was $6.19 billion, below the $6.82 billion FactSet consensus. stockstotrade.com
- 5Q3 EBIT was $1.48 billion, yielding an EBIT margin near 23%. stockstotrade.com
- 6Net income for the quarter was $749 million, or roughly $0.34 per share. stockstotrade.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.