Market Overview

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

Related POR
Benzinga's Top Downgrades
JP Morgan Is Downgrading Portland General On Future Growth, Cash Return

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

Jul 2015Goldman SachsDowngradesBuyNeutral
May 2015JP MorganDowngradesOverweightNeutral
Apr 2015JP MorganMaintainsOverweight

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!

Get Benzinga's Newsletters