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BMO Capital Initiates Coverage of PG&E Corporation - Preferred Security (PCG.PRX) with Outperform Recommendation

BMO Capital Markets has initiated coverage on PG&E Corporation's preferred security, PCG.PRX, with an "Outperform" recommendation. Analyst James Rowe highlighted that the preferred shares offer a compelling yield of 6.5% and are trading at a significant discount to their par value, presenting an attractive investment opportunity. Rowe also noted that despite the challenges faced by PG&E in the past, including bankruptcy due to wildfire liabilities, the company has made significant progress in enhancing its infrastructure and reducing risk, which supports a positive outlook for its preferred securities. The coverage initiation reflects confidence in PG&E's strategic direction and financial stability moving forward.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/top-stocks/bmo-capital-initiates-coverage-of-pg-e-corporation-preferred-security-pcg-prx-with-outperform-recommendation/ar-AA1xodQ4 ]