Goldman Sachs Reiterates Neutral Rating, $29 PT on Portland General Electric Company Following Management Meetings

In a report published Monday, Goldman Sachs analyst Neil Mehta reiterated a Neutral rating and $29.00 price target on Portland General Electric Company POR. In the report, Mehta noted, “We met with Jim Lobdell, newly appointed CFO, and Bill Valach, Director of Investor Relations, of Portland General (POR, Neutral). We maintain our 2013/2014 EPS forecasts of $1.87/$2.09, but modestly raise our 2015 estimate from $2.14 to $2.18 to reflect earlier general rate case timing.” Portland General Electric Company closed on Friday at $30.10.