Goldman Sachs Reiterates Neutral 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 (NYSE: 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.

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