Weekly Recap: UBS downgrade of PG&E (PCG) and possible asset spinoff
UBS cut PG&E Corporation (NYSE:PCG) to Neutral and trimmed its target as rising wildfire liability risks and a slight 2028 EPS downgrade coincide with CEO Patti Poppe launching a strategic review — potentially including asset spinoffs — after lawmakers stalled on liability limits; a Q3 2026 results…