BofA lowered the firm’s price target on Portland General Electric (POR) to $43 from $46 and keeps an Underperform rating on the shares after the Public Utility Commission of Oregon issued a Final order in the company’s 2025 general rate case that calls for a $99.5M annual revenue increase. The firm lowers its 2025-2028 EPS estimates as the final order was less constructive than BofA had expected, the analyst tells investors.
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Read More on POR:
- Portland General Electric price target lowered to $51 from $52 at KeyBanc
- Portland GE Aims for 100% Emission Reduction by 2040
- Portland General Electric price target lowered to $48 from $49 at Barclays
- Portland General Electric price target raised to $51 from $49 at Wells Fargo
- Portland GE Reports Strong Q3 2024 Earnings Boost
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