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

Related POR
Earnings Scheduled For October 27, 2017
Earnings Scheduled For July 28, 2017

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

Oct 2017JP MorganMaintainsNeutral
Oct 2017JP MorganMaintainsNeutral
Jul 2017Williams CapitalDowngradesHoldSell

View More Analyst Ratings for POR
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Posted-In: Goldman SachsAnalyst Color Price Target Analyst Ratings


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