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barclays raises price target for portland general electric amid positive outlook
Barclays has raised its price target for Portland General Electric (POR) from $47 to $48, maintaining an Equal Weight rating amid a positive outlook for the utility sector. Analysts forecast an average target price of $48.68, indicating a potential upside of 14.70% from the current price of $42.44. GuruFocus estimates a fair value of $51.37 for the stock, suggesting a 21.04% upside.
Portland General Electric downgraded by UBS amid regulatory challenges
Portland General Electric (NYSE:POR) saw a slight decline in trading after UBS downgraded its shares to Neutral from Buy, adjusting the price target from $52 to $47. The downgrade follows a regulatory decision that authorized a low 9.34% return on equity, prompting the need for cost cuts to achieve 5%-6% earnings per share growth.
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