Public Service Enterprise Group Gains Analyst Upgrades
On Jan. 21, 2026 Morgan Stanley raised its price target on Public Service Enterprise Group to $92 and maintained an Overweight rating, following a Jan. 20 Wells Fargo upgrade to Overweight with a $92 target and a Jan. 7 Ladenburg Thalmann upgrade to Buy with an $87.50 target. On Dec. 30, 2025 PSEG said the New York comptroller approved an operations agreement extension with LIPA from Jan. 1, 2026 through Dec. 31, 2030, underscoring stable regulated revenue and continued merchant nuclear exposure.
Key Points
- 1Analysts upgrade PSEG and raise price targets to $87.50–$92 range
- 2Renewed analyst support follows a utility coverage refresh, signaling improving valuation fundamentals
- 3Investors should consider regulated-generation opportunities and LIPA contract extension through 2030 in models
Scoring Rationale
Multiple credible analyst upgrades and a contract renewal make this actionable for investors; narrow utility focus limits cross-industry impact.
Sources
Public references used for this report.
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