Why PG&E Analyst Kilstein Maintained a 'Buy' Rating

The transcript discusses an Argus Research analyst's perspective on PG&E, maintaining a buy rating despite recent liabilities and challenges. The analyst explains the rationale behind the rating, considering the market's fear of a worst-case scenario and the company's operational performance. The discussion also covers the long-term business outlook, including the impact of climate change and rising costs. The analyst provides insights into PG&E's operational status and revises the price target from $54 to $36, reflecting current market conditions and comparisons with other utilities.

What is the analyst's outlook on PG&E's operational performance despite the challenges?

What was the previous price target for PG&E before it was cut, and what was the basis for that target?