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

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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

DateFirmActionFromTo
Mar 2021Goldman SachsUpgradesSellNeutral
Jan 2021KeyBancUpgradesSector WeightOverweight
Nov 2020MizuhoDowngradesBuyNeutral

View More Analyst Ratings for POR
View the Latest Analyst Ratings

 

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

Latest Ratings

StockFirmActionPT
GDWolfe ResearchDowngrades
QRTEAB of A SecuritiesInitiates Coverage On
ABB of A SecuritiesDowngrades42.0
VCTRB of A SecuritiesUpgrades32.0
BSIGB of A SecuritiesUpgrades27.0
View the Latest Analytics Ratings
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