PG&E valuation attractive, says Bernstein

theflyonthewall.com

Bernstein sees 20% total return potential for PG&E's stock through 2014 if regulators adopt the firm's "base case" punishment for San Bruno. In a more adverse scenario, the firm thinks the stock would return 12% over the same period. It reiterates an Outperform rating on PG&E.

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