Market Overview

UPDATE: Goldman Sachs Raises PT on Portland General Electric Company After 4Q12 Earnings, 2013 Guidance

Related POR
Benzinga's Top Upgrades, Downgrades For December 16, 2016
Benzinga's Top Initiations

In a report published Monday, Goldman Sachs reiterated its Neutral rating on Portland General Electric Company (NYSE: POR), and slightly raised its price target from $28.00 to $29.00.

Goldman Sachs noted, “After 4Q2012 earnings and better-than-expected 2013 guidance, we update our 2013-2015 EPS estimates from $1.73/$2.07/$2.13 to $1.87/$2.09/$2.14. Our revised estimates reflect (1) lower D&A assumptions in 2013, (2) slightly lower O&M expenses and (3) updated capital expenditures, particularly around the Port Westward natural gas plant. We continue to assume general rate increases in 2014 and mid-2015.”

Portland General Electric Company closed on Friday at $29.16.

Latest Ratings for POR

Dec 2016JP MorganUpgradesUnderweightNeutral
Nov 2016Bank of AmericaDowngradesNeutralUnderperform
Nov 2016GuggenheimInitiates Coverage OnNeutral

View More Analyst Ratings for POR
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Price Target Analyst Ratings


Related Articles (POR)

View Comments and Join the Discussion!