UBS lowered the firm’s price target on Portland General Electric to $43 from $46 and keeps a Neutral rating on the shares. Portland General Electric on Friday announced a rate settlement that if approved would resolve remaining issues, which would likely give the company the opportunity to deliver on EPS estimates, the analyst tells investors in a research note. A final order and potential approval of the settlement by the Oregon Public Utility Commission is due in 2023, the firm notes.
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Read More on POR:
- Portland General Electric price target lowered to $42 from $44 at Mizuho
- Portland General Electric price target lowered to $44 from $48 at Mizuho
- Portland General Electric initiated with an Equal Weight at Barclays
- Portland General Electric initiated with a Neutral at UBS
- Portland General Electric upgraded to Buy from Neutral at Guggenheim