PG&E downgraded to Hold from Buy at Deutsche Bank Deutsche Bank downgraded PG&E citing potential criminal charges relating to the San Bruno pipeline explosion as well as valuation. The firm keeps a $45 price target for shares.
PG&E downgraded at CRT Capital As previously reported, CRT Capital downgraded PG&E to Fair Value from Buy. The firm downgraded shares based on expectations the two pending regulatory proceedings will be indefinitely delayed and increases the burden to shareholders. Price target lowered to $43 from $51.