Public Service Enterprise Group stock: BofA trims target to $85

Bank of America lowered its price target for Public Service Enterprise Group from 87 to 85 US dollars while maintaining a Buy rating, according to Investing.com in a report published Tuesday, October 27. The bank's analysis centers on regulation, rate recovery and the outlook for the company's nuclear earnings.

Public Service Enterprise Group stock traded at 66.49 euros on Lang & Schwarz at 7:43 p.m. CET on Friday, October 30, 2026. Investors can follow the real-time quote of Public Service Enterprise Group stock.

Regulation remains the key catalyst

BofA expects investors to focus on PSE&G's upcoming base-rate filing, New Jersey's regulatory review and nuclear earnings. The bank said the year-end rate-case filing could improve recovery visibility as PSE&G relies on fewer capital trackers.

The wider regulatory review concerns possible changes to recovery mechanisms rather than the underlying need for investment, according to the report. BofA also expects higher power and capacity prices to support the company's outlook and views bilateral nuclear contracting as a potential source of upside.

Results arrive next week

Public Service Enterprise Group is scheduled to report its third-quarter results on Monday, November 2, 2026. The upcoming release will give investors a fresh opportunity to assess utility investment, nuclear operations and the regulatory issues highlighted in recent analyst commentary.

The broader US market backdrop can be followed in current S&P 500 market reports.

More updates are available in more news and analyses on Public Service Enterprise Group stock.