Market Overview

UPDATE: D.A. Davidson Downgrades Portland General Electric on Fair Valuation

Related POR
UPDATE: Portland General Electric Posts Upbeat Q4 Earnings, Revenue Misses Views
Earnings Scheduled For February 13, 2015

In a report published on Monday, D.A. Davidson analyst Michael Bates downgraded Portland General Electric (NYSE: POR) from Buy to Neutral and lowered the price target from $35 to $33.

In the report, D.A. Davidson commented, "Shares of POR have returned roughly 50% (including dividends) to holders since we recommended the stock two years ago. With active development of the utility’s key growth projects underway, we continue to expect solid rate base and earnings growth through 2017, but believe the stock’s risk/reward profile is adequately reflected at the current price."

Portland General Electric closed Friday at $31.71.

Latest Ratings for POR

Jan 2015JP MorganMaintainsOverweight
Dec 2014Deutsche BankDowngradesBuyHold
Oct 2014Deutsche BankMaintainsBuy

View More Analyst Ratings for POR
View the Latest Analyst Ratings

Posted-In: D.A. Davidson Michael BatesAnalyst Color Downgrades Analyst Ratings


Related Articles (POR)

Around the Web, We're Loving...

Get Benzinga's Newsletters