🔴 Public Service Enterprise Group is trading 4.56% down in pre-market after BTIG cut target to $84

Public Service Enterprise Group is trading 4.56% lower at $67.63 after BTIG lowered its price target to $84 from $94 while maintaining a Buy rating.

• BTIG announced the target change October 20 as part of a broader utility-sector Q3 preview, citing election-related uncertainty and interest rates as valuation headwinds.
• The decline contrasts with major U.S. indexes, which were little changed or higher in pre-market.
• No new company announcement or earnings release was identified for October 21.