PG&E (PCG) Stock Price Target Lowered at Barclays

NEW YORK (TheStreet) -- PG&E Corp.  stock price target was lowered to $58 from $61 at Barclays which reiterated its "overweight" rating. On June 11, the California Public Utility Commission issued a scoping ruling to incorporate analysis of the $850 million of unrecovered spending in the GT&S case (Gas Transmission and Storage Rate Case), Barclays noted. "This will likely delay a ruling to mid to late 2016 and reduce earnings per share in the interim as a result," analysts at Barclays said. Th...