UBS analyst Gregg Orrill upgraded Portland General Electric to Buy from Neutral with a price target of $45, down from $47. Portland General Electric is a high graded growth story, and the firm raised its CapEx forecast to $0.5B to $5B for 2024-2027 and EPS growth rate to 6.4% vs. the $3.6B guidance and 6% prior forecast EPS growth rate, the analyst tells investors in a research note.
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